Live Nation Entertainment (LYV) Projected to Post Earnings on Thursday

Live Nation Entertainment (NYSE:LYV) is anticipated to post its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Live Nation Entertainment to post earnings of ($0.93) per share and revenue of $5.67 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Live Nation Entertainment Stock Performance

Live Nation Entertainment stock opened at $153.59 on Thursday. The firm has a 50 day simple moving average of $138.64 and a 200-day simple moving average of $121.66. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $155.10. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 163.39, a price-to-earnings-growth ratio of 1.78 and a beta of 1.38.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LYV shares. Citigroup increased their price objective on shares of Live Nation Entertainment from $130.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer increased their price objective on shares of Live Nation Entertainment from $120.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Roth Mkm increased their price objective on shares of Live Nation Entertainment from $132.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Macquarie increased their price objective on shares of Live Nation Entertainment from $130.00 to $146.00 and gave the stock an “outperform” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Live Nation Entertainment from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.47.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.