Live Nation Entertainment, Inc. (NYSE:LYV):
Live Nation Entertainment Announces Launch Of Private Notes Offering.
The company is so far trading up since yesterday’s close of $27.06.
It is trading at $27.42 which is marginally over $27.18, the stock’s 50 day moving average and just above the 200 day moving average of $25.04. The 50 day moving average was up $0.24 or +0.89% and the 200 day average moved up $2.38.
In 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 currently outstanding. Next quarter’s EPS is expected be $-0.44 with next year’s EPS anticipated to be $0.14.
A few brokerage firms have released ratings on the company recently. On October 12 Citigroup held the stock rating at “Buy” and raised the price expectation to $32.00 from $30.00. On October 6, 2016 initiated coverage setting a rating of “Equal-weight”.
Equity analyst Stephens & Co. starting coverage on the stock giving it an initial rating of “Equal-weight”. On August 18 analysts at JP Morgan issued its first research report on the stock with an initial rating of “Overweight”.
On May 2, 2016 the stock rating was changed to a “Buy” according to a Northcoast Research report which is up from the previous “Neutral” rating. BTIG Research started covering LYV by announcing an initial rating of “Neutral”.