Trade Report: Today, Liberty Sirius XM Group (LSXMA) Upgraded to “Hold” at The Zacks Investment Research

Today, Liberty Sirius XM Group (LSXMA) Upgraded to “Hold” at The Zacks Investment Research

Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

A number of other equities analysts have also commented on LSXMA. Pivotal Research lifted their price objective on Liberty Sirius XM Group from $44.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, September 30th. Deutsche Bank AG lowered Liberty Sirius XM Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $37.00 to $39.00 in a research note on Wednesday, November 16th. They noted that the move was a valuation call. Citigroup Inc. lifted their price objective on Liberty Sirius XM Group from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. FBN Securities upgraded Liberty Sirius XM Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 16th. Finally, Macquarie upgraded Liberty Sirius XM Group from a “neutral” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Monday, November 14th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $41.32.

Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 36.51 on Friday. The company’s market cap is $12.23 billion. Liberty Sirius XM Group has a one year low of $28.00 and a one year high of $36.88. The company has a 50 day moving average price of $34.01 and a 200 day moving average price of $33.16.

A number of institutional investors have recently modified their holdings of LSXMA. British Columbia Investment Management Corp purchased a new position in shares of Liberty Sirius XM Group during the second quarter valued at about $1,206,000. R.H. Dinel Investment Counsel Inc. bought a new stake in Liberty Sirius XM Group during the second quarter worth $1,092,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Liberty Sirius XM Group during the second quarter worth $159,000. Cutler Group LP bought a new stake in Liberty Sirius XM Group during the second quarter worth $599,000. Finally, Pecaut & CO. bought a new stake in Liberty Sirius XM Group during the second quarter worth $3,203,000.

About Liberty Sirius XM Group

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. Its 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).

Related posts

Leave a Comment