Weekly Research Analysts’ Ratings Updates for Live Nation Entertainment (LYV)

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Several analysts have recently updated their ratings and price targets for Live Nation Entertainment (NYSE: LYV):

  • 5/14/2019 – Live Nation Entertainment is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $73.00 price target on the stock.
  • 5/9/2019 – Live Nation Entertainment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Live Nation Entertainment, Inc. is the world’s premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. The Company engages in producing, marketing, and selling live concerts for artists via its concert pipe. Live Nation owns and operates many venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. In addition, it also produces, promotes or hosts theatrical, specialized motor sports and other live entertainment events. The Company is driving major innovations in ticketing technology, marketing and service. It offers ticket sales, ticket resale services, and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet. Live Nation Entertainment, Inc. was formerly known as Live Nation, Inc. and is based in Beverly Hills, California. “
  • 5/8/2019 – Live Nation Entertainment was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 5/2/2019 – Live Nation Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Live Nation Entertainment, Inc. is the world’s premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. The Company engages in producing, marketing, and selling live concerts for artists via its concert pipe. Live Nation owns and operates many venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. In addition, it also produces, promotes or hosts theatrical, specialized motor sports and other live entertainment events. The Company is driving major innovations in ticketing technology, marketing and service. It offers ticket sales, ticket resale services, and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet. Live Nation Entertainment, Inc. was formerly known as Live Nation, Inc. and is based in Beverly Hills, California. “
  • 4/1/2019 – Live Nation Entertainment was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 3/29/2019 – Live Nation Entertainment had its price target raised by analysts at Stephens to $70.00. They now have an “overweight” rating on the stock.

Live Nation Entertainment stock traded down $0.23 during mid-day trading on Friday, reaching $64.15. The company had a trading volume of 35,172 shares, compared to its average volume of 1,379,366. Live Nation Entertainment, Inc. has a fifty-two week low of $42.61 and a fifty-two week high of $67.00. The company has a debt-to-equity ratio of 3.05, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $13.53 billion, a P/E ratio of -712.78 and a beta of 1.14.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Thursday, May 2nd. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.03. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.59 billion. Live Nation Entertainment had a net margin of 0.22% and a return on equity of 1.77%. The company’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) earnings per share. On average, analysts expect that Live Nation Entertainment, Inc. will post 0.27 earnings per share for the current year.

In other news, Director Ariel Emanuel sold 7,790 shares of Live Nation Entertainment stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $64.25, for a total transaction of $500,507.50. Following the transaction, the director now owns 71,394 shares in the company, valued at $4,587,064.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.19% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Cleararc Capital Inc. acquired a new position in shares of Live Nation Entertainment during the first quarter worth $226,000. EMS Capital LP lifted its holdings in shares of Live Nation Entertainment by 20.3% during the first quarter. EMS Capital LP now owns 729,167 shares of the company’s stock worth $46,331,000 after purchasing an additional 122,930 shares during the period. Kore Private Wealth LLC acquired a new position in shares of Live Nation Entertainment during the first quarter worth $278,000. RMB Capital Management LLC lifted its holdings in shares of Live Nation Entertainment by 16.7% during the first quarter. RMB Capital Management LLC now owns 5,450 shares of the company’s stock worth $346,000 after purchasing an additional 781 shares during the period. Finally, Zebra Capital Management LLC acquired a new position in shares of Live Nation Entertainment during the first quarter worth $330,000. Institutional investors own 69.97% of the company’s stock.

Live Nation Entertainment, Inc operates as a live entertainment company. It operates through Concerts, Sponsorship & Advertising, and Ticketing segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues; operates and manages music venues; and produces music festivals and creates associated content.

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