Warner Bros. Discovery (NASDAQ:WBD) Upgraded to "Hold" at Argus

Argus upgraded shares of Warner Bros. Discovery (NASDAQ:WBD - Free Report) to a hold rating in a research note published on Tuesday morning,Zacks.com reports.

Several other analysts have also recently commented on WBD. Raymond James dropped their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Needham & Company LLC reiterated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Wells Fargo & Company boosted their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Benchmark reissued a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Finally, Barclays boosted their price objective on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $12.17.

Warner Bros. Discovery Price Performance

Shares of WBD traded up $0.00 during trading hours on Tuesday, hitting $9.97. 27,829,601 shares of the stock were exchanged, compared to its average volume of 33,416,095. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery has a 12-month low of $6.64 and a 12-month high of $12.70. The company has a market cap of $24.48 billion, a price-to-earnings ratio of -2.18, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. The stock's 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.94.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. The firm's revenue for the quarter was down 9.8% compared to the same quarter last year. Research analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

Several large investors have recently modified their holdings of the business. Colonial Trust Advisors lifted its stake in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares in the last quarter. WPG Advisers LLC acquired a new position in Warner Bros. Discovery during the 1st quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Warner Bros. Discovery during the 1st quarter worth about $27,000. Finally, SRS Capital Advisors Inc. lifted its stake in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company's stock.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.