Live Nation Entertainment, Inc. (NYSE:LYV):
Live Nation Entertainment Announces Pricing Of Private Notes Offering.
In the market the company is trading up since yesterday’s close of $27.06.
Company chares are trading at $27.42 slightly over $27.18, the stock’s 50 day moving average and barely above the 200 day moving average of $25.04. The 50 day moving average was up by +0.89% whereas the 200 day average was up by +9.51%.
In the last earnings report the EPS was $-0.24 and is expected to be $-0.11 for the current year with 201,970,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.44 with next year’s EPS anticipated to be $0.14.
Ratings firms have provided guidance on Live Nation Entertainment, Inc. of late. On October 12 Citigroup made no change to the company rating of “Buy” but raised the price expectation to $32.00 from $30.00. On October 6, 2016 started coverage with a rating of “Equal-weight”.
Stephens & Co. added LYV to its research portfolio setting a rating of “Equal-weight”. On August 18 analysts at JP Morgan began coverage of the stock giving it an initial rating of “Overweight”.
On May 2, 2016 the stock rating was changed to a “Buy” by Northcoast Research up from the previous “Neutral” rating. Equity analyst BTIG Research began coverage of LYV by announcing an initial rating of “Neutral”.