Live Nation Entertainment, Inc. which can be found using ticker (LYV) have now 18 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The target price High/Low ranges between $128.00 and $85.00 and has a mean target at $113.11. Given that the stocks previous close was at $91.18 this would imply there is now a potential upside of 24.1%. It’s also worth noting that there is a 50 day moving average of $88.90 and the 200 day moving average is $84.29. The company has a market capitalization of 20.51B. The stock price for the company is currently $89.03 USD
The potential market cap would be $25,437,758,544 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 59.35, revenue per share of $92.95 and a 3.86% return on assets.
Live Nation Entertainment, Inc. is a live entertainment ticketing, sales, and marketing company. The Company is a producer of live music concerts. The Company operates through three segments: Concerts, Ticketing, and Sponsorship & Advertising. Concerts segment principally involves in the global promotion of live music events in the Company’s owned or operated venues and in rented third-party venues. Ticketing segment is primarily an agency business that sells tickets for events on behalf of its clients and retains a portion of the service charge as its fee. Sponsorship & Advertising segment employs a sales force that creates and maintains relationships with sponsors through a combination of strategic, international, national and local opportunities that allow businesses to reach customers through its concert, festival, venue and ticketing assets, including advertising on its websites.
