Shares of Live Nation Entertainment, Inc. (NYSE:LYV – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $145.40.
LYV has been the topic of several recent analyst reports. Roth Mkm lifted their target price on Live Nation Entertainment from $132.00 to $152.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Macquarie lifted their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the company an “outperform” rating in a research note on Friday, November 15th. Oppenheimer increased their target price on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.
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Live Nation Entertainment Stock Performance
LYV stock opened at $140.68 on Friday. The stock’s fifty day moving average is $134.60 and its two-hundred day moving average is $114.96. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 149.66, a PEG ratio of 1.61 and a beta of 1.38. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. Live Nation Entertainment has a 1 year low of $86.67 and a 1 year high of $141.18.
Live Nation Entertainment (NYSE:LYV – Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $7.65 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Live Nation Entertainment had a net margin of 2.11% and a return on equity of 77.62%. Live Nation Entertainment’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.78 EPS. On average, research analysts predict that Live Nation Entertainment will post 1.02 EPS for the current year.
Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
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