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Pivotal Research analyst Jeffrey Wlodarczak assigned a Buy rating to Liberty Media Corporation Series A Liberty SiriusXM Common Stock (NASDAQ: LSXMA) today and set a price target of $66. The company’s shares closed yesterday at $46.35, close to its 52-week high of $46.75.
Wlodarczak said:
“We also reiterate that post the potential close/end of the TWX deal, AT&T (or VZ) could make a play for SIRI driven by: SIRI’s significant and growing presence in cars, exclusive content that could enhance a wireless offering, sizeable free cash flows (dividend support), diversification and hidden long-term spectrum assets. Reiterate BUY and new $66 YE’18 target.”
According to TipRanks.com, Wlodarczak is a 4-star analyst with an average return of 7.6% and a 59.7% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Liberty LiLAC Group.
Liberty Media Corporation Series A Liberty SiriusXM Common Stock has an analyst consensus of Strong Buy, with a price target consensus of $58.75.
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The company has a one-year high of $46.75 and a one-year low of $38.61. Currently, Liberty Media Corporation Series A Liberty SiriusXM Common Stock has an average volume of 468.3K.
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Operates as a holding company which provides satellite radio services
