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

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

Zacks Investment Research upgraded shares of Liberty Sirius XM Group (NASDAQ:LSXMA) from a sell rating to a hold rating in a research report sent to investors 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 research firms also recently weighed in on LSXMA. FBN Securities raised Liberty Sirius XM Group from a sector perform rating to an outperform rating in a research note on Wednesday, November 16th. Deutsche Bank AG downgraded Liberty Sirius XM Group from a buy rating to a hold rating and upped their price target 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. Macquarie raised Liberty Sirius XM Group from a neutral rating to an outperform rating and set a $41.00 price target on the stock in a research note on Monday, November 14th. Pivotal Research upped their price target 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. Finally, Citigroup Inc. upped their price target 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $41.32.

Liberty Sirius XM Group (NASDAQ:LSXMA) opened at 36.51 on Friday. The company’s market capitalization is $12.23 billion. The stock’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 52 week low of $28.00 and a 52 week high of $36.88.

Several institutional investors have recently added to or reduced their stakes in LSXMA. Price T Rowe Associates Inc. MD purchased a new position in shares of Liberty Sirius XM Group during the third quarter valued at $738,000. Cornerstone Capital Management Holdings LLC. raised its position in shares of Liberty Sirius XM Group by 301.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 45,067 shares of the company’s stock valued at $1,530,000 after buying an additional 33,853 shares during the period. Credit Suisse AG raised its position in shares of Liberty Sirius XM Group by 10.9% in the third quarter. Credit Suisse AG now owns 183,090 shares of the company’s stock valued at $6,220,000 after buying an additional 18,056 shares during the period. Raffles Associates LP purchased a new position in shares of Liberty Sirius XM Group during the third quarter valued at $607,000. Finally, Mark Asset Management Corp purchased a new position in shares of Liberty Sirius XM Group during the third quarter valued at $2,447,000.

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).

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