Trading Report: Today, Liberty Sirius XM Group (LSXMA) Stock Rating Upgrade by The Zacks Investment Research

Today, Liberty Sirius XM Group (LSXMA) Stock Rating Upgrade by 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 report released 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. “

LSXMA has been the subject of several other reports. Deutsche Bank AG lowered Liberty Sirius XM Group from a “buy” rating to a “hold” rating and increased their price objective for the company from $37.00 to $39.00 in a report on Wednesday, November 16th. They noted that the move was a valuation call. Citigroup Inc. increased their price objective on Liberty Sirius XM Group from $35.00 to $37.00 and gave the company a “neutral” rating in a report on Wednesday, August 24th. Macquarie raised Liberty Sirius XM Group from a “neutral” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Monday, November 14th. Pivotal Research raised their price target on Liberty Sirius XM Group from $44.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, September 30th. Finally, FBN Securities raised Liberty Sirius XM Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Liberty Sirius XM Group currently has an average rating of “Buy” and an average price target of $41.32.

Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 36.51 on Friday. The company’s 50-day moving average price is $34.01 and its 200-day moving average price is $33.16. Liberty Sirius XM Group has a 12 month low of $28.00 and a 12 month high of $36.88. The company’s market cap is $12.23 billion.

Several large investors have recently modified their holdings of LSXMA. PNC Financial Services Group Inc. increased its stake in Liberty Sirius XM Group by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 24,613 shares of the company’s stock worth $837,000 after buying an additional 139 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Liberty Sirius XM Group by 0.6% in the third quarter. Ameriprise Financial Inc. now owns 23,366 shares of the company’s stock worth $795,000 after buying an additional 145 shares during the last quarter. First Trust Advisors LP increased its stake in Liberty Sirius XM Group by 0.3% in the third quarter. First Trust Advisors LP now owns 176,082 shares of the company’s stock worth $5,983,000 after buying an additional 567 shares during the last quarter. Pacer Advisors Inc. increased its stake in Liberty Sirius XM Group by 9.2% in the third quarter. Pacer Advisors Inc. now owns 7,484 shares of the company’s stock worth $243,000 after buying an additional 633 shares during the last quarter. Finally, Seven Bridges Advisors LLC increased its stake in Liberty Sirius XM Group by 13.2% in the third quarter. Seven Bridges Advisors LLC now owns 5,704 shares of the company’s stock worth $194,000 after buying an additional 666 shares during the last quarter.

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).

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