World Wrestling Entertainment Upgraded to “Buy” at National Alliance Securities (WWE)
World Wrestling Entertainment (NYSE:WWE) was upgraded by equities research analysts at National Alliance Securities to a “buy” rating in a research note issued to investors on Wednesday, American Banking News reports.
A number of other firms have also recently commented on WWE. Analysts at Needham & Company LLC initiated coverage on shares of World Wrestling Entertainment in a research note on Tuesday. They set a “buy” rating and a $30.00 price target on the stock. Separately, analysts at Sidoti upgraded shares of World Wrestling Entertainment from a “neutral” rating to a “buy” rating in a research note on Monday, April 7th. 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $17.67.
World Wrestling Entertainment (NYSE:WWE) traded up 1.49% during mid-day trading on Wednesday, hitting $21.06. 480,339 shares of the company’s stock traded hands. World Wrestling Entertainment has a 52-week low of $8.56 and a 52-week high of $31.98. The stock’s 50-day moving average is $26.95 and its 200-day moving average is $18.82. The company has a market cap of $1.583 billion and a P/E ratio of 560.81.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters 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 $-0.10 EPS for the current fiscal year.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company.
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