Live Nation Entertainment, Inc. (NYSE:LYV):
Live Nation Entertainment Announces Launch Of Private Notes Offering.
The company is trading up from yesterday’s close of $27.06.
Shares of the company are trading at $27.42 slightly over the 50 day moving average of $27.18 and which is slightly above the 200 day moving average of $25.04. The 50 day moving average was up $0.24 and the 200 day average was up $2.38.
In the latest earnings report the EPS was $-0.24 and is estimated to be $-0.11 for the current year with 201,970,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.44 and the next full year EPS is projected to be $0.14.
Several ratings firms have released opinions on LYV recently. On October 12 Citigroup held the company rating at “Buy” and moved up the price target to $32.00 from $30.00. Stephens & Co. initiated coverage on the stock with a rating of “Equal-weight”.
On October 6 analysts at started coverage giving it an initial rating of “Equal-weight”. Equity analyst JP Morgan added the stock to its research portfolio setting a rating of “Overweight”.
On May 2 the stock rating was upgraded from “Neutral” to “Buy” in a report issued by Northcoast Research. On March 29, 2016 BTIG Research began coverage of the stock by announcing an initial rating of “Neutral”.