News coverage about Live Nation Entertainment (NYSE:LYV) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Live Nation Entertainment earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.121028982325 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Live Nation finds new cloud data management service is just the ticket (siliconangle.com)
- JAY-Z And Beyoncé Join Forces For OTR II Tour (finance.yahoo.com)
- Zacks: Brokerages Expect Live Nation Entertainment, Inc. (LYV) Will Announce Quarterly Sales of $1.51 Billion (americanbankingnews.com)
- 3 Stocks Riding this Big Millennial Trend (finance.yahoo.com)
- Zacks: Brokerages Expect Live Nation Entertainment, Inc. (LYV) Will Post Earnings of -$0.25 Per Share (americanbankingnews.com)
Shares of Live Nation Entertainment (NYSE LYV) traded down $0.34 during trading hours on Wednesday, reaching $44.81. The company had a trading volume of 795,732 shares, compared to its average volume of 1,507,223. Live Nation Entertainment has a 1 year low of $28.58 and a 1 year high of $49.11. The company has a market capitalization of $9,270.00, a PE ratio of -56.59 and a beta of 0.99. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.88 and a current ratio of 0.88.
A number of equities research analysts have recently weighed in on the company. Macquarie reaffirmed a “buy” rating and set a $55.00 price target on shares of Live Nation Entertainment in a report on Thursday, March 1st. Citigroup cut Live Nation Entertainment from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Friday, December 22nd. Zacks Investment Research cut Live Nation Entertainment from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Finally, Guggenheim reissued a “buy” rating and set a $53.00 target price on shares of Live Nation Entertainment in a report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.86.
About Live Nation Entertainment
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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