Zacks Investment Research cut shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) from a hold rating to a sell rating in a research report report published on Saturday.

According to Zacks, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States. “

Several other equities analysts have also issued reports on the company. B. Riley reiterated a buy rating on shares of Liberty Sirius XM Group Series A in a research note on Thursday, November 15th. Citigroup cut their target price on Liberty Sirius XM Group Series A from $65.00 to $59.00 and set a buy rating on the stock in a research note on Wednesday, October 10th. Pivotal Research cut their target price on Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a buy rating on the stock in a research note on Thursday, September 27th. Macquarie cut their target price on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an outperform rating on the stock in a research note on Tuesday, August 28th. Finally, Deutsche Bank lifted their target price on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a buy rating in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Liberty Sirius XM Group Series A currently has a consensus rating of Buy and an average target price of $59.13.

LSXMA opened at $37.32 on Friday. Liberty Sirius XM Group Series A has a 1 year low of $37.00 and a 1 year high of $48.57. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 11.27 and a beta of 1.50.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of Liberty Sirius XM Group Series A stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Several hedge funds have recently modified their holdings of LSXMA. TLP Group LLC purchased a new stake in shares of Liberty Sirius XM Group Series A during the third quarter worth about $125,000. Ancora Advisors LLC purchased a new stake in shares of Liberty Sirius XM Group Series A during the third quarter worth about $140,000. Bank of Montreal Can purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter worth about $161,000. First Hawaiian Bank purchased a new stake in shares of Liberty Sirius XM Group Series A during the third quarter worth about $184,000. Finally, Nordea Investment Management AB grew its stake in shares of Liberty Sirius XM Group Series A by 280.7% during the third quarter. Nordea Investment Management AB now owns 4,389 shares of the technology company’s stock worth $191,000 after acquiring an additional 3,236 shares during the last quarter. Institutional investors and hedge funds own 26.61% of the company’s stock.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Analyst Recommendations for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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