Warner Bros. Discovery (NASDAQ:WBD) Stock Rating Upgraded by Guggenheim

Warner Bros. Discovery (NASDAQ:WBD – Get Rating) was upgraded by research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat.com reports. The brokerage presently has a $16.50 target price on the stock. Guggenheim’s price target points to a potential upside of 25.48% from the stock’s current price.

Other research analysts have also issued reports about the stock. Morgan Stanley cut their target price on shares of Warner Bros. Discovery from $16.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Friday, December 2nd. Royal Bank of Canada cut their target price on shares of Warner Bros. Discovery from $44.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, November 7th. Barclays cut their target price on shares of Warner Bros. Discovery from $17.00 to $15.00 in a research note on Tuesday, October 11th. Credit Suisse Group cut their target price on shares of Warner Bros. Discovery from $39.00 to $36.00 and set an “outperform” rating on the stock in a research note on Thursday, October 13th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Warner Bros. Discovery from $48.00 to $35.00 in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Warner Bros. Discovery has a consensus rating of “Moderate Buy” and a consensus target price of $22.18.

Warner Bros. Discovery Trading Up 4.4 %

NASDAQ:WBD opened at $13.15 on Wednesday. The firm’s fifty day moving average is $10.63 and its 200-day moving average is $12.39. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.86 and a current ratio of 0.86. Warner Bros. Discovery has a 52 week low of $8.82 and a 52 week high of $27.50. The firm has a market cap of $31.93 billion, a P/E ratio of -7.83, a P/E/G ratio of 1.18 and a beta of 1.37.

Warner Bros. Discovery (NASDAQ:WBD – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.15. Warner Bros. Discovery had a negative net margin of 20.13% and a positive return on equity of 2.18%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $10.51 billion. Equities analysts expect that Warner Bros. Discovery will post 0.75 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Country Trust Bank bought a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $25,000. JCIC Asset Management Inc. bought a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $25,000. Peoples Financial Services CORP. bought a new position in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $25,000. Financial Management Professionals Inc. bought a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $26,000. Finally, Guardian Wealth Advisors LLC bought a new position in shares of Warner Bros. Discovery in the third quarter valued at approximately $26,000. Institutional investors own 55.18% of the company’s stock.

About Warner Bros. Discovery

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Warner Bros. Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games licensing.