
Warner Music Group Corp. (NASDAQ:WMG) Receives Average Recommendation of "Moderate Buy" from Analysts

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Warner Music Group Corp. (NASDAQ:WMG) has received a consensus rating of "Moderate Buy" from twenty-one analysts. Ten analysts rated the stock as hold, while eleven issued a buy recommendation. The average 1-year target price is $34.9444. Several analysts have adjusted their price targets, with Jefferies Financial Group setting it at $35.00 and Wells Fargo at $39.00. Institutional investors have significantly increased their holdings in WMG. The company reported a 14.6% revenue increase in the last quarter but missed earnings estimates. A quarterly dividend of $0.19 per share was recently paid.
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