Live Nation Entertainment (LYV) : 9 analysts are covering Live Nation Entertainment (LYV) and their average rating on the stock is 1.22, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Live Nation Entertainment (LYV) : 7 investment research analysts covering Live Nation Entertainment (LYV) have an average price target of $31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $34 and the lowest target is $29 for the short term. Analysts expect the variance to be within $1.63 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, JP Morgan initiates coverage on Live Nation Entertainment (NYSE:LYV) The current rating of the shares is Overweight. The rating by the firm was issued on August 18, 2016.
Live Nation Entertainment (NYSE:LYV): The stock opened at $26.88 and touched an intraday high of $27.24 on Wednesday. During the day, the stock corrected to an intraday low of $26.72, however, the bulls stepped in and pushed the price higher to close in the green at $27.02 with a gain of 0.60% for the day. The total traded volume for the day was 868,966. The stock had closed at $26.86 in the previous trading session.
Live Nation Entertainment, Inc. (Live Nation) is a live entertainment company. The Company core businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. The Company operates through four segments: segments are Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. It connects around 519 million fans across its platforms in 33 countries. The Company is a producer of live music concerts around the world that connects nearly 59 million fans to almost 23,000 events for over 2,700 artists. The Concerts segment is involved in the global promotion of live music events. The Ticketing segment is primarily an agency business that sells tickets for events. The Artist Nation segment is a provider of management services to music artists. The Sponsorship & Advertising segment, through a sales force, creates and maintains relationships with sponsors to allow businesses to reach customers.