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

Today, Liberty Sirius XM Group (LSXMA) Upgrade to “Hold” by 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 report published on Saturday morning.

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

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 52 week low of $28.00 and a 52 week high of $36.88. The stock has a 50 day moving average of $34.01 and a 200 day moving average of $33.16.

A number of hedge funds and other institutional investors have recently modified their holdings of LSXMA. Manchester Capital Management LLC acquired a new position in shares of Liberty Sirius XM Group during the second quarter valued at approximately $102,000. Partners Capital Investment Group LLC purchased a new stake in Liberty Sirius XM Group during the second quarter valued at $122,000. Chicago Partners Investment Group LLC purchased a new stake in Liberty Sirius XM Group during the second quarter valued at $125,000. US Bancorp DE purchased a new stake in Liberty Sirius XM Group during the second quarter valued at $125,000. Finally, KBC Group NV purchased a new stake in Liberty Sirius XM Group during the second quarter valued at $140,000.

Liberty Sirius XM Group 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. 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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