Live Nation Entertainment Inc. (NYSE:LYV) has earned an average recommendation of “Buy” from the eight brokerages that are covering the firm. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $31.17.

Several research firms have recently weighed in on LYV. Jefferies Group reissued a “buy” rating and issued a $31.00 price objective on shares of Live Nation Entertainment in a report on Friday, July 29th. Albert Fried & Company reissued a “buy” rating and issued a $34.00 price objective on shares of Live Nation Entertainment in a report on Tuesday, July 26th. JPMorgan Chase & Co. began coverage on Live Nation Entertainment in a report on Thursday, August 18th. They issued an “overweight” rating and a $34.00 price objective for the company. Finally, Zacks Investment Research raised Live Nation Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, June 11th.

Several large investors have recently modified their holdings of LYV. UBS Group AG increased its stake in shares of Live Nation Entertainment by 14.4% in the first quarter. UBS Group AG now owns 166,576 shares of the company’s stock valued at $3,717,000 after buying an additional 20,940 shares in the last quarter. State Street Corp increased its stake in shares of Live Nation Entertainment by 2.0% in the first quarter. State Street Corp now owns 3,724,424 shares of the company’s stock valued at $83,091,000 after buying an additional 74,221 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Live Nation Entertainment by 27.1% in the first quarter. BB&T Securities LLC now owns 878,208 shares of the company’s stock valued at $19,592,000 after buying an additional 187,344 shares in the last quarter. BlackRock Group LTD increased its stake in shares of Live Nation Entertainment by 1.7% in the first quarter. BlackRock Group LTD now owns 166,702 shares of the company’s stock valued at $3,720,000 after buying an additional 2,750 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Live Nation Entertainment by 167.3% in the first quarter. Algert Global LLC now owns 45,688 shares of the company’s stock valued at $1,019,000 after buying an additional 28,598 shares in the last quarter. 64.04% of the stock is owned by hedge funds and other institutional investors.

Shares of Live Nation Entertainment (NYSE:LYV) opened at 27.41 on Tuesday. The company has a 50-day moving average of $26.55 and a 200 day moving average of $24.07. Live Nation Entertainment has a one year low of $18.77 and a one year high of $29.68. The stock’s market cap is $5.54 billion.

Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The business earned $2.20 billion during the quarter, compared to the consensus estimate of $1.88 billion. Live Nation Entertainment had a return on equity of 0.27% and a net margin of 0.05%. The company’s revenue was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. On average, equities analysts forecast that Live Nation Entertainment will post ($0.10) earnings per share for the current fiscal year.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising, and artist management. Its segments include Concerts, Ticketing, Artist Nation, Sponsorship & Advertising, Other and Corporate.

5 Day Chart for NYSE:LYV

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