Liberty Media Corporation (NASDAQ:FWONK) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Liberty Media Corporation (NASDAQ:FWONK) from a sell rating to a hold rating in a research note issued to investors on Tuesday, August 1st.

According to Zacks, “Liberty Media Corporation owns interests in a broad range of media, communications and entertainment businesses through their operating subsidiaries and investments in various publicly-traded companies. The company broadcasts music, sports, entertainment, comedy, talk, news, traffic, and weather channels, as well as infotainment services on a subscription fee basis through its satellite radio systems; provides next-generation connected vehicle applications and services; streams music and non-music channels over the Internet; sells satellite and Internet radios to consumers through Website and retailers; and offers other ancillary services, such as weather, traffic, data, and Backseat television services. Liberty Media Corporation is headquartered in Englewood, Colorado. “

FWONK has been the topic of several other reports. Morgan Stanley reaffirmed an equal weight rating and set a $35.00 price target (up from $29.00) on shares of Liberty Media Corporation in a research report on Thursday, June 1st. Barclays PLC assumed coverage on Liberty Media Corporation in a research report on Tuesday, May 23rd. They set an equal weight rating and a $33.00 price target on the stock.

Liberty Media Corporation (NASDAQ:FWONK) traded up 0.06% during trading on Tuesday, reaching $34.20. The company had a trading volume of 1,413,164 shares. Liberty Media Corporation has a 52 week low of $20.77 and a 52 week high of $37.18. The stock has a 50 day moving average price of $34.53 and a 200 day moving average price of $33.85. The firm’s market capitalization is $6.91 billion.

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A number of large investors have recently made changes to their positions in the company. Vantage Investment Advisors LLC bought a new stake in shares of Liberty Media Corporation during the second quarter valued at $113,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Liberty Media Corporation during the second quarter valued at $173,000. SG Americas Securities LLC bought a new stake in shares of Liberty Media Corporation during the second quarter valued at $183,000. D.A. Davidson & CO. bought a new stake in shares of Liberty Media Corporation during the second quarter valued at $188,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Liberty Media Corporation during the second quarter valued at $206,000. 68.76% of the stock is currently owned by institutional investors.

Liberty Media Corporation Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. Through its subsidiaries and affiliates, the Company operates in North America. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc, and its equity affiliate Live Nation Entertainment, Inc SIRIUS XM broadcasts music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services, in the United States on a subscription fee basis through its two satellite radio systems.

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