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Guggenheim announced Live Nation (NYSE:LYV), bumping up its stock price target to $40.00 today

Just yesterday Live Nation (NYSE:LYV) traded 0.23% higher at $33.60. Live Nation’s 50-day moving average is $42.25 and its 200-day moving average is $36.90. The last closing price is down 17.08% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 1,054,640 shares of LYV traded hands, down from an average trading volume of 1,843,240

In a report released on Thursday May 25, 2017 Guggenheim increased the stock price target of Live Nation (NYSE:LYV) to $40.00 reporting a possible upside of 0.19%.

Recent Performance Chart

Live Nation (NYSE:LYV)

Live Nation has 52 week low of $26.41 and a 52 week high of $43.86 with a PE ratio of 6,171.43 and has a market capitalization of $0.

In addition to Guggenheim reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $31.00 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Live Nation (NYSE:LYV)

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. The Ticketing segment is an agency business that sells tickets for events on behalf of its clients. The Artist Nation segment provides management services to music artists in exchange for a commission on the earnings of artists. The Sponsorship & Advertising segment employs sales force that creates and maintains relationships with sponsors to allow businesses to reach customers through its concert, venue, artist relationship and ticketing assets, including advertising on its Websites.

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