Warner Bros (WBD) was downgraded to a Hold Rating at Benchmark Co.
Warner Bros received a Hold rating and price target from Benchmark Co. analyst Matthew Harrigan yesterday. The company’s shares closed yesterday at $28.17.
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According to TipRanks, Harrigan is a 3-star analyst with an average return of 1.9% and a 52.71% success rate. Harrigan covers the Communication Services sector, focusing on stocks such as Warner Bros, Charter Communications, and Grupo Televisa, S.A.B..
The word on The Street in general, suggests a Hold analyst consensus rating for Warner Bros with a $29.25 average price target, representing a 3.83% upside. In a report released today, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $30.00 price target.
Based on Warner Bros’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $9.05 billion and a GAAP net loss of $148 million. In comparison, last year the company earned a revenue of $9.62 billion and had a net profit of $135 million
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