Price Action to Note: Liberty Media Group Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action to Note: Liberty Media Group Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Liberty Media Group (NASDAQ:LMCA) is a huge mover today! About 135,518 shares traded hands. Liberty Media Group (NASDAQ:LMCA) has risen 1.69% since April 5, 2016 and is uptrending. It has underperformed by 0.26% the S&P500.
The move comes after 8 months positive chart setup for the $14.39B company. It was reported on Nov, 8 by Barchart.com. We have $47.23 PT which if reached, will make NASDAQ:LMCA worth $9.64 billion more.

Liberty Media Group (NASDAQ:LMCA) Ratings Coverage

Out of 11 analysts covering Liberty Media Capital (NASDAQ:LMCA), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Liberty Media Capital has been the topic of 21 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Liberty Media Group (NASDAQ:LMCA) has “Buy” rating given on Tuesday, August 4 by Wunderlich. Deutsche Bank upgraded it to “Buy” rating and $46 target price in Tuesday, August 4 report. The firm has “Overweight” rating given on Monday, December 14 by JP Morgan. The firm has “Outperform” rating given on Friday, May 6 by Macquarie Research. The stock has “Buy” rating given by Wunderlich on Friday, July 29. The stock of Liberty Media Group (NASDAQ:LMCA) has “Hold” rating given on Monday, September 26 by Wunderlich. Gabelli initiated Liberty Media Group (NASDAQ:LMCA) on Friday, September 18 with “Buy” rating. Pivotal Research initiated Liberty Media Group (NASDAQ:LMCA) rating on Tuesday, September 13. Pivotal Research has “Buy” rating and $35 price target. Macquarie Research maintained the shares of LMCA in a report on Monday, March 7 with “Outperform” rating. Deutsche Bank maintained the shares of LMCA in a report on Thursday, August 20 with “Buy” rating.

According to Zacks Investment Research, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media Corporation is based in Englewood, Colorado.”

More recent Liberty Media Group (NASDAQ:LMCA) news were published by: Fool.com which released: “Why Liberty Media Group Stock Soared Today” on September 13, 2016. Also Businesswire.com published the news titled: “Liberty Media Corporation Announces Third Quarter Earnings Release and …” on October 07, 2016. Businesswire.com‘s news article titled: “Liberty Media Corporation Announces Completion of Rights Offering” with publication date: June 24, 2016 was also an interesting one.

LMCA Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc. (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc. (Live Nation). The Firm operates through two divisions: SIRIUS X, and corporate and other. SIRIUS XM transmits its 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 approximately two satellite radio systems. Subscribers can also receive music and other channels, and features, such as Sirius XM On Demand and MySXM, over SIRIUS XM’s Internet radio service, including through applications for mobile devices. SIRIUS XM has approximately 29.6 million subscribers. The Company’s corporate and other segment includes its consolidated subsidiary, Braves Holdings.

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