Live Nation Entertainment (LYV) Receiving Somewhat Favorable News Coverage, Report Finds
Media coverage about Live Nation Entertainment (NYSE:LYV) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Live Nation Entertainment earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.822516536745 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
- Brian Capo Sells 7,500 Shares of Live Nation Entertainment, Inc. (LYV) Stock (americanbankingnews.com)
- Analysts Expect Live Nation Entertainment, Inc. (LYV) Will Announce Earnings of $0.58 Per Share (americanbankingnews.com)
- Live Nation opens Irving’s new entertainment hub at the Music Factory (Video) (finance.yahoo.com)
- Live Nation Entertainment Announces Its Participation In Goldman Sachs … (prnewswire.com)
- Live Nation Entertainment Announces Its Participation In Goldman Sachs Communacopia Conference (finance.yahoo.com)
Several brokerages recently issued reports on LYV. Jefferies Group LLC reiterated a “buy” rating and issued a $42.00 target price on shares of Live Nation Entertainment in a research report on Tuesday. ValuEngine upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Guggenheim began coverage on shares of Live Nation Entertainment in a research report on Wednesday, May 24th. They issued a “buy” rating and a $40.00 target price for the company. Citigroup Inc. reiterated a “buy” rating and issued a $39.00 target price (up from $32.00) on shares of Live Nation Entertainment in a research report on Friday, May 19th. Finally, Northcoast Research lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research report on Monday, June 19th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $39.71.
Shares of Live Nation Entertainment (NYSE LYV) opened at 41.52 on Wednesday. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 5931.43 and a beta of 1.01. The firm’s 50-day moving average is $38.71 and its 200 day moving average is $34.16. Live Nation Entertainment has a 52-week low of $25.60 and a 52-week high of $42.20.
Live Nation Entertainment (NYSE:LYV) last posted its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 29.3% on a year-over-year basis. Equities analysts expect that Live Nation Entertainment will post $0.22 EPS for the current year.
In other news, Director Robert Ted Enloe III sold 6,337 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $35.82, for a total value of $226,991.34. Following the sale, the director now directly owns 23,450 shares in the company, valued at approximately $839,979. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian Capo sold 7,500 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.50, for a total transaction of $303,750.00. Following the completion of the sale, the insider now owns 13,354 shares in the company, valued at $540,837. The disclosure for this sale can be found here. Insiders own 4.77% of the company’s stock.
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Live Nation Entertainment Company Profile
Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.
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