The Liberty SiriusXM Group (NASDAQ:LSXMK) Receives Consensus Recommendation of “Hold” from Analysts

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $72.67.

Several research analysts have weighed in on LSXMK shares. Rosenblatt Securities initiated coverage on The Liberty SiriusXM Group in a research report on Tuesday. They issued a “buy” rating and a $87.00 target price on the stock. Zacks Investment Research downgraded The Liberty SiriusXM Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 5th. Finally, StockNews.com initiated coverage on The Liberty SiriusXM Group in a research note on Thursday, March 31st. They set a “hold” rating for the company.

A number of institutional investors and hedge funds have recently modified their holdings of LSXMK. Moors & Cabot Inc. bought a new stake in shares of The Liberty SiriusXM Group in the 3rd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $27,000. Counterpoint Mutual Funds LLC acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $27,000. Clearstead Trust LLC acquired a new position in shares of The Liberty SiriusXM Group in the 3rd quarter valued at approximately $31,000. Finally, Confluence Wealth Services Inc. acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 82.79% of the company’s stock.

LSXMK stock traded up $0.75 during mid-day trading on Tuesday, hitting $45.20. The stock had a trading volume of 2,502 shares, compared to its average volume of 914,467. The Liberty SiriusXM Group has a 1-year low of $40.05 and a 1-year high of $56.19. The company has a fifty day moving average of $47.11 and a 200 day moving average of $48.69. The stock has a market capitalization of $10.18 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 0.53 and a beta of 1.15.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last issued its earnings results on Friday, February 25th. The technology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.70). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.27 billion. As a group, equities analysts anticipate that The Liberty SiriusXM Group will post 2.87 earnings per share for the current year.

About The Liberty SiriusXM Group (Get Rating)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.

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