Live Nation Entertainment (LYV) Receiving Somewhat Favorable News Coverage, Accern Reports
News articles about Live Nation Entertainment (NYSE:LYV) have been trending somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Live Nation Entertainment earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.0539328371844 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Paramore rocks out to big bucks at the Fox Theatre in Atlanta – Atlanta Business Chronicle (bizjournals.com)
- Reviewing the Current Circumstance for Live Nation Entertainment, Inc. (LYV), Curis, Inc. (CRIS) – Market Movers (financialqz.com)
- Lockheed Martin Investment Management Company Has Upped Its Alibaba Group Hlds LTD (BABA) Position; 10 … – Hill Country Times (hillcountrytimes.com)
- Circus owner sues Kid Rock for using ‘Greatest Show On Earth’ slogan (LYV) (markets.businessinsider.com)
- Citi Downgrades Live Nation Entertainment (LYV) to Neutral (streetinsider.com)
A number of equities research analysts have weighed in on LYV shares. Macquarie reissued a “buy” rating and issued a $48.00 price target on shares of Live Nation Entertainment in a report on Sunday, November 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Live Nation Entertainment in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Live Nation Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, October 24th. Jefferies Group reissued a “buy” rating and issued a $42.00 price target on shares of Live Nation Entertainment in a report on Tuesday, September 12th. Finally, Citigroup downgraded shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a report on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Live Nation Entertainment has an average rating of “Buy” and a consensus price target of $44.00.
Shares of Live Nation Entertainment (NYSE LYV) traded down $0.01 during midday trading on Thursday, reaching $42.40. 451,900 shares of the company’s stock were exchanged, compared to its average volume of 1,449,843. Live Nation Entertainment has a 52 week low of $26.44 and a 52 week high of $46.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.39. The firm has a market cap of $8,770.00, a P/E ratio of 2,121.56 and a beta of 1.05.
Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Live Nation Entertainment had a net margin of 0.50% and a return on equity of 3.33%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.36 billion. During the same period in the prior year, the company posted $0.49 earnings per share. Live Nation Entertainment’s quarterly revenue was up 12.3% compared to the same quarter last year. sell-side analysts anticipate that Live Nation Entertainment will post 0.16 EPS for the current year.
In other Live Nation Entertainment news, CEO Michael Rapino sold 210,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $45.14, for a total transaction of $9,479,400.00. Following the completion of the sale, the chief executive officer now directly owns 185,277 shares of the company’s stock, valued at $8,363,403.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joe Berchtold sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $46.55, for a total transaction of $931,000.00. Following the sale, the chief operating officer now directly owns 77,918 shares of the company’s stock, valued at $3,627,082.90. The disclosure for this sale can be found here. Insiders have sold 1,106,511 shares of company stock valued at $49,467,752 over the last ninety days. Insiders own 4.77% of the company’s stock.
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About Live Nation Entertainment
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. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
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