News stories about Live Nation Entertainment (NYSE:LYV) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Live Nation Entertainment earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.9362888251985 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- 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 (LYV) traded down $0.34 during midday trading on Wednesday, reaching $44.81. 77,529 shares of the company were exchanged, compared to its average volume of 1,492,090. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $9,467.52, a P/E ratio of -86.83 and a beta of 0.99. Live Nation Entertainment has a 12-month low of $28.58 and a 12-month high of $49.11.
Live Nation Entertainment (NYSE:LYV) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($1.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.08) by ($0.04). The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Live Nation Entertainment had a negative net margin of 0.24% and a negative return on equity of 1.71%. equities analysts predict that Live Nation Entertainment will post 0.37 earnings per share for the current fiscal year.
Several research firms have recently commented on LYV. Guggenheim restated a “buy” rating and issued a $53.00 price target on shares of Live Nation Entertainment in a report on Thursday, March 1st. Macquarie reiterated a “buy” rating and set a $55.00 price objective on shares of Live Nation Entertainment in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Live Nation Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Citigroup lowered shares of Live Nation Entertainment from a “buy” rating to a “neutral” rating in a research note on Saturday, December 30th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $46.86.
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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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