Liberty Media Corporation (FWONK) PT Raised to $55.00

Liberty Media Corporation (NASDAQ:FWONK) had its price objective raised by investment analysts at Pivotal Research from $50.00 to $55.00 in a research report issued on Wednesday. The firm presently has a “buy” rating on the stock. Pivotal Research’s price objective points to a potential upside of 52.27% from the stock’s current price.

FWONK has been the topic of a number of other reports. J P Morgan Chase & Co assumed coverage on shares of Liberty Media Corporation in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $38.00 target price on the stock. Morgan Stanley upped their price target on shares of Liberty Media Corporation from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Bank of America Corporation assumed coverage on shares of Liberty Media Corporation in a research note on Thursday, September 28th. They set a “buy” rating and a $45.00 price target on the stock. Finally, Barclays PLC upped their price target on shares of Liberty Media Corporation from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.83.

Liberty Media Corporation (NASDAQ FWONK) opened at $36.12 on Wednesday. Liberty Media Corporation has a 52 week low of $27.55 and a 52 week high of $41.14.

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Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $400,601,000. FMR LLC bought a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $332,524,000. Coatue Management LLC bought a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $219,720,000. Southeastern Asset Management Inc. TN bought a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $188,027,000. Finally, BlackRock Inc. bought a new stake in Liberty Media Corporation during the 2nd quarter worth approximately $183,521,000. Institutional investors own 79.74% of the company’s stock.

About Liberty Media Corporation

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

Analyst Recommendations for Liberty Media Corporation (NASDAQ:FWONK)

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