Live Nation Entertainment with ticker code (LYV) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 130 and 85 and has a mean target at 115. Now with the previous closing price of 115.21 this is indicating there is a potential downside of -.2%. The 50 day moving average now sits at 113.11 and the 200 day moving average is 93.98. The company has a market cap of $25,449m. You can visit the company’s website by visiting: https://www.livenationentertainment.com
The potential market cap would be $25,403m based on the market concensus.
Live Nation Entertainment operates as a live entertainment company. 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; operates and manages music venues; produces music festivals; creates associated content; and offers management and other services to artists. The Ticketing segment manages the ticketing operations, including the provision of ticketing software and services to clients for tickets and event information through its primary websites livenation.com and ticketmaster.com as well as provides ticket resale services. This segment sells tickets for its events, as well as for third-party clients in various live event categories, such as arenas, stadiums, amphitheaters, music clubs, concert promoters, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters through websites, mobile apps, ticket outlets, and telephone call centers. The Sponsorship & Advertising segment sells international, national, and local sponsorships and placement of advertising, including signage, promotional programs, rich media offering that include advertising related with live streaming and music-related content; and ads across its distribution network of venues, events, and websites. This segment also manages the development of strategic sponsorship programs, as well as develops, books, and produces custom events or programs for specific brands. As of December 31, 2020, it owned, operated, or leased 155 entertainment venues in North America and 76 entertainment venues internationally. The company was formerly known as Live Nation and changed its name to Live Nation Entertainment in January 2010. Live Nation Entertainment was incorporated in 2005 and is headquartered in Beverly Hills, California.
