Liberty Media Corp (LMCA) was Upgraded by Citigroup to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $22 . Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Liberty Media Corp. Company shares were Reiterated by Wunderlich on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 25.50 from a previous price target of $22.50 .
Liberty Media Corp opened for trading at $22.8 and hit $24.1 on the upside on Monday, eventually ending the session at $24.03, with a gain of 5.67% or 1.29 points. The heightened volatility saw the trading volume jump to 651,201 shares. Company has a market cap of $2,012 M.
In a different news, on Aug 30, 2016, David E Rapley (director) sold 1,225 shares at $16.63 per share price. According to the SEC, on Mar 23, 2016, Christopher W Shean (Chief Financial Officer) sold 10,613 shares at $37.34 per share price. On Mar 7, 2016, Richard N Baer (Chief Legal Officer) sold 69,578 shares at $37.12 per share price, according to the Form-4 filing with the securities and exchange commission.
Liberty Media Corporation owns interests in subsidiaries and other companies which are engaged in the media communications and entertainment industries. Through its subsidiaries and affiliates the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club Inc. and its equity affiliate Live Nation Entertainment Inc. SIRIUS XM broadcasts music sports entertainment comedy talk news traffic and weather channels as well as infotainment services in the United States on a subscription fee basis through its two satellite radio systems. Atlanta National League Baseball Club Inc. (ANLBC) owns and operates the Atlanta Braves Major League Baseball (MLB) franchise and five league baseball clubs. Live Nation Entertainment Inc. (Live Nation) has four business segments: Concerts Ticketing Artist Nation and Sponsorship & Advertising.