Maxim Group Gives Buy Rating to Live Nation Entertainment (LYV)

By admin | 6 years ago

Live Nation Entertainment (NYSE: LYV)‘s stock had its “buy” rating reaffirmed by research analysts at Maxim Group in a report released on Thursday.

Live Nation Entertainment traded up 5.97% on Thursday, hitting $9.59. Live Nation Entertainment has a 52-week low of $7.14 and a 52-week high of $12.44. The company’s market cap is $1.789 billion.

Live Nation Entertainment last posted its quarterly earnings results on Wednesday, May 9th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.03. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Live Nation Entertainment will post $0.41 EPS next quarter.

Separately, analysts at Evercore Partners cut their price target on shares of Live Nation Entertainment to $12.00 in a research note to investors on Monday, March 5th.

Live Nation Entertainment, Inc. (Live Nation), formerly Live Nation, Inc., is a producer of live music concerts worldwide.

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