Sidoti Upgrades World Wrestling Entertainment to “Buy” (WWE)
World Wrestling Entertainment (NYSE:WWE) was upgraded by equities research analysts at Sidoti to a “buy” rating in a research note issued to investors on Monday, American Banking News.com reports.
WWE has been the subject of a number of other recent research reports. Analysts at National Alliance Securities raised their price target on shares of World Wrestling Entertainment from $20.46 to $32.85 in a research note on Thursday, March 6th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Benchmark Co. initiated coverage on shares of World Wrestling Entertainment in a research note on Thursday, January 23rd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.62.
Shares of World Wrestling Entertainment (NYSE:WWE) traded down 12.92% during mid-day trading on Monday, hitting $24.40. The stock had a trading volume of 6,799,775 shares. World Wrestling Entertainment has a one year low of $8.56 and a one year high of $31.98. The stock’s 50-day moving average is $27.37 and its 200-day moving average is $18.05. The company has a market cap of $1.834 billion and a price-to-earnings ratio of 757.30.
World Wrestling Entertainment (NYSE:WWE) last released its earnings data on Thursday, February 20th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.05. The company had revenue of $118.40 million for the quarter, compared to the consensus estimate of $116.08 million. Analysts expect that World Wrestling Entertainment will post $-0.07 EPS for the current fiscal year.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company, principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
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