Recommended Mix Momentum Stocks: Live Nation Entertainment (NYSE:LYV), AT&T Inc. (NYSE:T)

Live Nation Entertainment, Inc. (NYSE:LYV) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.96% to close at $27.33 with the total traded volume of 766700 shares. Live Nation Entertainment (LYV) announced that it has acquired 51% in Secret Sounds Group, the Australian company led by Jessica Ducrou and Paul Piticco, which owns and produces two of Australia’s leading festivals: Splendour in the Grass (located in Byron Bay New South Wales) and Falls Music & Arts Festival (located in Byron Bay, Lorne Victoria, Marion Bay Tasmania and Fremantle Western Australia). The firm has institutional ownership of 65.50%, while insider ownership included 0.90%. Its price to sales ratio ended at 0.68. LYV attains analyst recommendation of 1.60 with week performance of -1.58%.

AT&T Inc. (NYSE:T) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 0.05% to $38.63. U.S. regulators are calling out AT&T and Verizon for exempting their own video apps from data caps on customers’ cellphones. This may not result in any changes in how the wireless carriers operate, however, as agency leaders appointed by Donald Trump, the incoming president, are expected to look more favorably on such practices.

The Federal Communications Commission sent letters to the country’s biggest wireless carriers Thursday saying the way they handle the practice, known as “zero rating,” can hurt competition and consumers. The agency had warned AT&T in November and said in its Thursday letter that AT&T’s response did not ease its concerns. The share price of T attracts active investors, as stock price of week volatility recorded 1.40%. The stock is going forward to its 52-week low with 22.97% and lagging behind from its 52-week high price with -10.11%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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