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Analysts Have Conflicting Sentiments on These Communication Services Companies: Universal Music Group (OtherUMGNF), Snap (SNAP) and E. W. Scripps Company Class A (SSP)

Tipranks - Tipranks - Wed Aug 5, 7:02AM CDT

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Universal Music Group (UMGNF), Snap (SNAP) and E. W. Scripps Company Class A (SSP).

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Universal Music Group (UMGNF)

In a report released yesterday, Stephen Laszczyk from Goldman Sachs maintained a Hold rating on Universal Music Group, with a price target of EUR15.00. The company’s shares closed last Monday at $16.51.

According to TipRanks.com, Laszczyk is a 4-star analyst with an average return of 14.4% and a 58.8% success rate. Laszczyk covers the NA sector, focusing on stocks such as Madison Square Garden Entertainment Corp., Liberty Media Liberty Formula One, and Live Nation Entertainment. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Universal Music Group with a $27.58 average price target, which is a 53.4% upside from current levels. In a report issued on August 1, TipRanks – DeepSeek also downgraded the stock to Hold with a EUR15.50 price target.

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Snap (SNAP)

KeyBanc analyst Justin Patterson maintained a Hold rating on Snap today. The company’s shares closed last Monday at $5.04.

According to TipRanks.com, Patterson is a 4-star analyst with an average return of 6.5% and a 46.3% success rate. Patterson covers the NA sector, focusing on stocks such as NerdWallet, Inc. Class A, DoubleVerify Holdings, and Reddit Inc Class A. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Snap with a $7.66 average price target, implying a 60.3% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $6.00 price target.

E. W. Scripps Company Class A (SSP)

Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on E. W. Scripps Company Class A yesterday and set a price target of $8.00. The company’s shares closed last Monday at $2.82.

Kurnos has an average return of 19.3% when recommending E. W. Scripps Company Class A. ;'>

According to TipRanks.com, Kurnos is ranked #1692 out of 12417 analysts.

Currently, the analyst consensus on E. W. Scripps Company Class A is a Moderate Buy with an average price target of $6.35.

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