EU: Liberty Media Corporation – Series C Liberty Formula One Common Stock (FWONK) Stock Has Just Had Its Equal-Weight Rating Reiterated by Barclays. Shares now Have a $30 Target

April 17, 2018 - By Margaret Downey

Liberty Media Corporation – Series C Liberty Formula One Common Stock (FWONK) Rating Reaffirmed

In a note sent to investors this morning, Barclays restate their Equal-Weight rating on Liberty Media Corporation – Series C Liberty Formula One Common Stock (FWONK) shares. The target suggests a possible downside of -0.13 % from company’s last close price.

Formula One Group (NASDAQ:FWONK) Ratings Coverage

Among 2 analysts covering Liberty Media Corporation – Series C Liberty Formula One Common Stock (FWONK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liberty Media Corporation – Series C Liberty Formula One Common Stock has $39 highest and $30 lowest target. $34.50’s average target is 14.85% above currents $30.04 stock price. Liberty Media Corporation – Series C Liberty Formula One Common Stock had 4 analyst reports since October 20, 2017 according to SRatingsIntel. As per Monday, April 16, the company rating was maintained by Barclays Capital. The rating was maintained by Barclays Capital on Friday, November 10 with “Equal-Weight”. Morgan Stanley maintained the shares of FWONK in report on Friday, October 20 with “Equal-Weight” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Tuesday, January 30.

The stock increased 0.23% or $0.07 during the last trading session, reaching $30.04. About 150,986 shares traded. Formula One Group (FWONK) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Formula One Group, through its subsidiaries, engages in the media and entertainment businesses in North America. The company has market cap of $6.90 billion. Formula One Group was formerly known as The Liberty Media Group. It has a 27.19 P/E ratio. The firm is based in Englewood, Colorado.

Formula One Group (NASDAQ:FWONK) Ratings Chart

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