Price Action Alert: What’s Propelling Liberty Media Group to Increase So Much?

Price Action Alert: What's Propelling Liberty Media Group to Increase So Much?

The stock of Liberty Media Group (NASDAQ:LMCA) is a huge mover today! About 460,642 shares traded hands. Liberty Media Group (NASDAQ:LMCA) has risen 14.23% since April 14, 2016 and is uptrending. It has outperformed by 9.54% the S&P500.
The move comes after 7 months positive chart setup for the $15.77B company. It was reported on Nov, 16 by We have $44.99 PT which if reached, will make NASDAQ:LMCA worth $6.62 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 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Pivotal Research with “Buy” on Tuesday, September 13. The rating was downgraded by Wunderlich on Monday, September 26 to “Hold”. The firm earned “Outperform” rating on Friday, May 6 by Macquarie Research. The stock of Liberty Media Group (NASDAQ:LMCA) earned “Neutral” rating by Citigroup on Wednesday, August 24. On Thursday, August 20 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, June 8. The rating was maintained by Pivotal Research on Wednesday, November 16 with “Buy”. On Wednesday, April 6 the stock rating was initiated by Bank of America with “Buy”. The firm has “Sell” rating by Zacks given on Thursday, August 20. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 4.

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 important recent Liberty Media Group (NASDAQ:LMCA) news were published by: which released: “Why Liberty Media Group Stock Soared Today” on September 13, 2016, also published article titled: “Liberty Media Corporation to Present at the Morgan Stanley European Technology …”, published: “Formula One Sale To Liberty Media ‘Is A Done Deal'” on September 04, 2016. More interesting news about Liberty Media Group (NASDAQ:LMCA) was released by: and their article: “Liberty Media Corporation Announces Management Changes” with publication date: September 01, 2016.

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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