Barclays Begins Coverage on Warner Bros. Discovery (NASDAQ:WBD)

Barclays initiated coverage on shares of Warner Bros. Discovery (NASDAQ:WBDGet Rating) in a research report issued on Wednesday, reports. The brokerage set an “equal weight” rating and a $24.00 price target on the stock. Barclays‘s target price indicates a potential upside of 21.03% from the stock’s current price.

WBD has been the topic of several other reports. Atlantic Securities raised Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Monday, April 11th. Evercore ISI raised Warner Bros. Discovery from an “in-line” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Monday, April 11th. Bank of America began coverage on Warner Bros. Discovery in a report on Wednesday, April 13th. They set a “buy” rating and a $45.00 price objective on the stock. Finally, Rosenblatt Securities began coverage on Warner Bros. Discovery in a report on Tuesday, April 19th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from, the stock has an average rating of “Hold” and an average price target of $37.25.

WBD opened at $19.83 on Wednesday. Warner Bros. Discovery has a fifty-two week low of $19.63 and a fifty-two week high of $27.50. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $10.04 billion, a PE ratio of 12.88, a PEG ratio of 1.11 and a beta of 1.12.

Warner Bros. Discovery (NASDAQ:WBDGet Rating) last posted its earnings results on Tuesday, April 26th. The company reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.22. Warner Bros. Discovery had a return on equity of 8.12% and a net margin of 8.25%. On average, sell-side analysts predict that Warner Bros. Discovery will post 2.48 EPS for the current year.

Warner Bros. Discovery Company Profile (Get Rating)

Warner Bros. Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games licensing.

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