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Warner Bros. Discovery (NASDAQ:WBD) stock closed positively on Friday, continuing its seven-day winning streak during which it gained 17.5%.
Shares of the entertainment giant closed +1.76% at $8.67 closer to its 52-week low of $6.94. The stock has lost 33.28% in value in the last 12 months.
WBD has closed in the red for four trading days in July. During the month of June, it closed negatively for 10 out of 19 sessions.
Looking at Seeking Alpha’s Quant Ratings, the New York-based company has a Hold rating with a score of 3.04 out of 5. The company received an A+ for profitability and a D- for growth prospects. The stock also got a B- for valuation compared to a B six months ago.
Turning to the Wall Street community, about 15 out of 29 analysts recommended the stock as a Buy, with 12 recommending a Hold and the remaining 2 recommending a Strong Sell.
Seeking Alpha analysts were optimistic and see the stock as a Buy.
“Given a recession begins soon or fears of one get louder, a general market decline of -15% to -20% could provide the excuse for another push lower in WBD shares,” reads a Seeking Alpha analysis by Paul Franke.
Another analysis by Seeking Alpha analyst Max Greve noted that the bifurcation of WBD into two standalone entities, one for linear assets and one for direct-to-consumer assets, could result in significant gains for shareholders but also poses risks and challenges, including legal battles with bondholders.
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