Live Nation Entertainment, Inc. (NYSE:LYV):
Live Nation Entertainment Announces Pricing Of Private Notes Offering.
The company is so far trading up since yesterday’s close of $27.06.
Shares last traded at $27.42 which is slightly above $27.18, the 50 day moving average and barely above the 200 day moving average of $25.04. The 50 day moving average was up $0.24 and the 200 day average went up by +9.51%.
As of the latest earnings report the EPS was $-0.24 and is projected to be $-0.11 for the current year with 201,970,000 shares outstanding. Next quarter’s EPS is expected be $-0.44 and the next full year EPS is anticipated to be $0.14.
Several analysts have issued ratings on the stock recently. On October 12 Citigroup left the stock rating at “Buy” but moved up the price target to $32.00 from $30.00. On October 6, 2016 Stephens & Co. initiated coverage by announcing an initial rating of “Equal-weight”.
began coverage of LYV setting a rating of “Equal-weight”. Equity analyst JP Morgan initiated coverage on the stock with an initial rating of “Overweight”.
On May 2 the company was upgraded to “Buy” from “Neutral” by Northcoast Research. On March 29 analysts at BTIG Research starting coverage on LYV with a rating of “Neutral”.