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Analysts Offer Insights on Communication Services Companies: Liberty Global A (LBTYA), Liberty Media Liberty Formula One (FWONK) and Warner Music Group (WMG)

Tipranks - Sat May 9, 6:04AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Liberty Global A (LBTYA), Liberty Media Liberty Formula One (FWONK) and Warner Music Group (WMG).

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Liberty Global A (LBTYA)

Bank of America Securities analyst David Wright reiterated a Sell rating on Liberty Global A today and set a price target of $12.00. The company’s shares closed last Thursday at $12.27, close to its 52-week low of $10.55.

According to TipRanks.com, Wright is ranked #7670 out of 12242 analysts.

Currently, the analyst consensus on Liberty Global A is a Hold with an average price target of $13.92.

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Liberty Media Liberty Formula One (FWONK)

Bank of America Securities analyst Brent Navon CFA reiterated a Buy rating on Liberty Media Liberty Formula One today and set a price target of $105.00. The company’s shares closed last Thursday at $93.48.

CFA has an average return of 3.8% when recommending Liberty Media Liberty Formula One. ;'>

According to TipRanks.com, CFA is ranked #1197 out of 12242 analysts.

Liberty Media Liberty Formula One has an analyst consensus of Strong Buy, with a price target consensus of $114.10, which is a 28.2% upside from current levels. In a report issued on April 30, Morgan Stanley also initiated coverage with a Buy rating on the stock with a $117.00 price target.

Warner Music Group (WMG)

In a report released today, Doug Creutz from TD Cowen reiterated a Buy rating on Warner Music Group, with a price target of $46.00. The company’s shares closed last Thursday at $31.04.

According to TipRanks.com, Creutz is a 5-star analyst with an average return of 13.9% and a 61.3% success rate. Creutz covers the NA sector, focusing on stocks such as Live Nation Entertainment, Starz Entertainment Corp, and Universal Music Group. ;'>

Currently, the analyst consensus on Warner Music Group is a Strong Buy with an average price target of $36.90, which is a 20.9% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $33.00 price target.

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