Price Action Alert: Will Liberty Sirius XM Group Run Out of Steam Soon?

Price Action Alert: Will Liberty Sirius XM Group Run Out of Steam Soon?

The stock of Liberty Sirius XM Group (NASDAQ:LSXMA) reached all time high today, Nov, 18 and still has $48.83 target or 34.00% above today’s $36.44 share price. This indicates more upside for the $16.03 billion company. This technical setup was reported by Barchart.com. If the $48.83 PT is reached, the company will be worth $5.45B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 40,520 shares traded hands. Liberty Sirius XM Group (NASDAQ:LSXMA) has risen 15.58% since April 18, 2016 and is uptrending. It has outperformed by 11.15% the S&P500.

Liberty Sirius XM Group (NASDAQ:LSXMA) Ratings Coverage

Out of 5 analysts covering Liberty Media (NASDAQ:LSXMA), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. Liberty Media has been the topic of 7 analyst reports since May 13, 2016 according to StockzIntelligence Inc. The stock has “Outperform” rating given by FBN Securities on Wednesday, November 16. The rating was maintained by Pivotal Research on Friday, September 30 with “Buy”. The stock of Liberty Sirius XM Group (NASDAQ:LSXMA) earned “Neutral” rating by Citigroup on Friday, May 13. Deutsche Bank initiated the shares of LSXMA in a report on Wednesday, June 8 with “Buy” rating. Citigroup maintained Liberty Sirius XM Group (NASDAQ:LSXMA) rating on Wednesday, August 24. Citigroup has “Neutral” rating and $37 price target. Deutsche Bank downgraded Liberty Sirius XM Group (NASDAQ:LSXMA) rating on Wednesday, November 16. Deutsche Bank has “Hold” rating and $39 price target. The rating was upgraded by Macquarie Research on Monday, November 14 to “Outperform”.

According to Zacks Investment Research, “The Liberty SiriusXM Group provides satellite radio services consists of commercial-free music, sports, news, talk, entertainment, traffic and weather. The Liberty SiriusXM Group is based in United States.”

LSXMA Company Profile

Liberty Media Corporation (Liberty) owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. Through its subsidiaries and affiliates, the Company principally operates in North America. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc. (SIRIUS XM) and the Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc. (Live Nation). The Firm operates through two divisions: SIRIUS X, and corporate and other. SIRIUS XM transmits its 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 approximately two satellite radio systems. Subscribers can also receive music and other channels, and features, such as Sirius XM On Demand and MySXM, over SIRIUS XM’s Internet radio service, including through applications for mobile devices. SIRIUS XM has approximately 29.6 million subscribers. The Company’s corporate and other segment includes its consolidated subsidiary, Braves Holdings.

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