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Analysts Offer Insights on Communication Services Companies: Optimum Communications Inc Class A (OPTU), Tencent Music Entertainment Group (TME) and Bumble (BMBL)

Tipranks - Tipranks - Thu Aug 13, 6:32AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Optimum Communications Inc Class A (OPTU), Tencent Music Entertainment Group (TME) and Bumble (BMBL).

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Optimum Communications Inc Class A (OPTU)

Citi analyst Michael Rollins maintained a Sell rating on Optimum Communications Inc Class A yesterday and set a price target of $0.50. The company’s shares closed last Tuesday at $0.83.

According to TipRanks.com, Rollins is a 5-star analyst with an average return of 11.0% and a 59.8% success rate. Rollins covers the NA sector, focusing on stocks such as Charter Communications, Liberty LiLAC Group, and Lumen Technologies. ;'>

Optimum Communications Inc Class A has an analyst consensus of Hold, with a price target consensus of $1.19, implying a 48.8% upside from current levels. In a report issued on August 7, Bank of America Securities also maintained a Sell rating on the stock.

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Tencent Music Entertainment Group (TME)

In a report released today, Wei Xiong from UBS maintained a Hold rating on Tencent Music Entertainment Group, with a price target of $9.50. The company’s shares closed last Tuesday at $8.72.

According to TipRanks.com, Xiong is ranked #10855 out of 12469 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tencent Music Entertainment Group with a $12.78 average price target, representing a 48.1% upside. In a report released yesterday, Bank of America Securities also reiterated a Hold rating on the stock with a $10.00 price target.

Bumble (BMBL)

UBS analyst Stephen Ju reiterated a Hold rating on Bumble today and set a price target of $3.00. The company’s shares closed last Tuesday at $2.78.

According to TipRanks.com, Ju is a 5-star analyst with an average return of 10.7% and a 50.0% success rate. Ju covers the Technology sector, focusing on stocks such as Uber Technologies, Viant Technology, and Unity Software. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Bumble with a $3.68 average price target, a 34.8% upside from current levels. In a report issued on August 5, Citi also maintained a Hold rating on the stock with a $3.60 price target.

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