Wells Fargo & Company upgraded shares of Warner Bros. Discovery (NASDAQ:WBD – Get Rating) from an equal weight rating to an overweight rating in a research report released on Friday, Marketbeat.com reports. Wells Fargo & Company currently has $20.00 price objective on the stock, up from their prior price objective of $13.00.
A number of other analysts have also weighed in on WBD. Morgan Stanley raised their price objective on shares of Warner Bros. Discovery from $14.00 to $17.00 and gave the company an equal weight rating in a research note on Monday, January 30th. Macquarie raised their price target on shares of Warner Bros. Discovery from $16.00 to $20.00 and gave the company an outperform rating in a report on Tuesday, January 31st. Guggenheim raised shares of Warner Bros. Discovery from a neutral rating to a buy rating and set a $16.50 price target on the stock in a report on Wednesday, January 11th. Finally, Rosenblatt Securities raised their price target on shares of Warner Bros. Discovery from $9.00 to $11.00 and gave the company a sell rating in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Warner Bros. Discovery currently has a consensus rating of Moderate Buy and a consensus price target of $22.31.
Warner Bros. Discovery Stock Up 1.3 %
NASDAQ:WBD traded up $0.18 on Friday, reaching $14.34. 32,003,231 shares of the stock traded hands, compared to its average volume of 21,522,535. The company has a market capitalization of $34.85 billion, a price-to-earnings ratio of -5.47, a PEG ratio of 0.97 and a beta of 1.50. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Warner Bros. Discovery has a 12 month low of $8.82 and a 12 month high of $27.50. The company’s fifty day simple moving average is $14.46 and its 200 day simple moving average is $12.56.
Hedge Funds Weigh In On Warner Bros. Discovery
About Warner Bros. Discovery
Warner Bros. Discovery, Inc operates as a media and entertainment company. It creates and distributes a portfolio of content and brands across television, film, and streaming. Its brands and products include Discovery Channel, discovery+, CNN, CNN+, DC, Eurosport, HBO, HBO Max, HGTV, Food Network, Investigation Discovery, TLC, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros.
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