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Analysts Offer Insights on Communication Services Companies: Warner Music Group (WMG) and Cineplex (OtherCPXGF)

Tipranks - Tipranks - Thu Apr 16, 11:50AM CDT

Companies in the Communication Services sector have received a lot of coverage today as analysts weigh in on Warner Music Group (WMG) and Cineplex (CPXGF).

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Warner Music Group (WMG)

In a report released yesterday, Ian S. Moore from Bernstein maintained a Buy rating on Warner Music Group, with a price target of $38.00. The company’s shares closed last Wednesday at $29.37.

According to TipRanks.com, Moore is ranked 0 out of 5 stars with an average return of -9.2% and a 36.8% success rate. Moore covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Live Nation Entertainment, and TKO Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Warner Music Group with a $37.42 average price target, which is a 28.5% upside from current levels. In a report issued on April 9, UBS also maintained a Buy rating on the stock with a $40.00 price target.

See today’s best-performing stocks on TipRanks >>

Cineplex (CPXGF)

Canaccord Genuity analyst Aravinda Galappatthige maintained a Hold rating on Cineplex today and set a price target of C$10.50. The company’s shares closed last Tuesday at $8.03.

According to TipRanks.com, Galappatthige is a 2-star analyst with an average return of 0.4% and a 46.8% success rate. Galappatthige covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and Quebecor. ;'>

Cineplex has an analyst consensus of Moderate Buy, with a price target consensus of $9.22, a 16.0% upside from current levels. In a report issued on April 11, TipRanks – OpenAI also reiterated a Hold rating on the stock with a C$11.00 price target.

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