Liberty Sirius XM Group (NASDAQ:LSXMA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $37.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 13.43% from the company’s current price.

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. “

LSXMA has been the topic of a number of other reports. Citigroup Inc. upped their target price on Liberty Sirius XM Group from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. Pivotal Research upped their target price on Liberty Sirius XM Group from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, September 30th. Finally, Telsey Advisory Group started coverage on Liberty Sirius XM Group in a research report on Tuesday, July 12th. They issued an “outperform” rating and a $39.52 target price on the stock. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $40.68.

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

Liberty Sirius XM Group (NASDAQ:LSXMA) traded down 0.28% during trading on Wednesday, reaching $32.62. 257,798 shares of the company were exchanged. The firm’s 50 day moving average is $33.59 and its 200 day moving average is $32.85. Liberty Sirius XM Group has a 52-week low of $28.00 and a 52-week high of $36.01. The stock’s market capitalization is $10.93 billion.

A number of hedge funds and other institutional investors have recently modified their holdings of LSXMA. British Columbia Investment Management Corp bought a new position in shares of Liberty Sirius XM Group during the second quarter worth approximately $1,206,000. Seven Bridges Advisors LLC bought a new position in shares of Liberty Sirius XM Group during the second quarter worth approximately $158,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Liberty Sirius XM Group during the second quarter worth approximately $9,412,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Liberty Sirius XM Group during the second quarter worth approximately $217,000. Finally, Aviva PLC bought a new position in shares of Liberty Sirius XM Group during the second quarter worth approximately $1,745,000.

About Liberty Sirius XM Group

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. Its principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

5 Day Chart for NASDAQ:LSXMA

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