NYSE:WMGWarner Music Group Stock Price, Forecast & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Warner Music Group in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Warner Music Group.

Warner Music Group is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Warner Music Group.

15 equities research analysts have issued twelve-month price targets for Warner Music Group's shares. Their forecasts range from $23.00 to $40.00. On average, they expect Warner Music Group's share price to reach $33.64 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price. View analysts' price targets for Warner Music Group.

Press coverage about WMG stock has been trending very negative this week, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Warner Music Group earned a news impact score of -3.3 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news about Warner Music Group.

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(WMG) raised $1.7 billion in an IPO on Wednesday, June 3rd 2020. The company issued 70,000,000 shares at $23.00-$26.00 per share. Morgan Stanley, Credit Suisse, Goldman Sachs, BofA Securities, Citigroup and J.P. Morgan served as the underwriters for the IPO and Barclays, Evercore ISI, Guggenheim Securities, Macquarie Capital, Nomura, RBC Capital Markets, SunTrust Robinson Humphrey, CIBC Capital Markets, HSBC, SOCIETE GENERALE, LionTree, The Raine Group, AmeriVet Securities, Bancroft Capital, Blaylock Van, C.L. King & Associates, Loop Capital Markets, Roberts & Ryan, Ramirez & Co.,, Siebert Williams Shank, Telsey Advisory Group and Tigress Financial Partners were co-managers.

Warner Music Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "WMG."

Warner Music Group's quiet period expires on Monday, July 13th. Warner Music Group had issued 77,000,000 shares in its public offering on June 3rd. The total size of the offering was $1,925,000,000 based on an initial share price of $25.00. During the company's quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Shares of WMG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of WMG stock can currently be purchased for approximately $29.45.

Warner Music Group has a market capitalization of $15.02 billion.