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Analysts Offer Insights on Communication Services Companies: TPG Telecom Limited (OtherTPGTF) and Warner Bros (WBD)

Tipranks - Thu Mar 5, 7:18AM CST

Analysts have been eager to weigh in on the Communication Services sector with new ratings on TPG Telecom Limited (TPGTFResearch Report) and Warner Bros (WBDResearch Report).

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TPG Telecom Limited (TPGTF)

In a report released today, Andrew McLeod from Morgan Stanley maintained a Sell rating on TPG Telecom Limited, with a price target of A$3.50. The company’s shares closed last Wednesday at $3.40.

According to TipRanks.com, McLeod is a 1-star analyst with an average return of -1.5% and a 44.6% success rate. McLeod covers the NA sector, focusing on stocks such as Telstra Corporation Limited, SKY Network Television, and REA Group Ltd. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for TPG Telecom Limited with a $2.72 average price target, a -20.0% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Sell rating on the stock with a A$3.60 price target.

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Warner Bros (WBD)

Barrington analyst Patrick Sholl reiterated a Hold rating on Warner Bros today and set a price target of $31.00. The company’s shares closed last Tuesday at $28.20.

According to TipRanks.com, Sholl is a 4-star analyst with an average return of 11.5% and a 55.9% success rate. Sholl covers the NA sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and National Cinemedia. ;'>

Warner Bros has an analyst consensus of Hold, with a price target consensus of $29.41, which is a 3.9% upside from current levels. In a report issued on February 17, Rothschild & Co Redburn also downgraded the stock to Hold with a $31.00 price target.

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