Wanda Sports Group (NYSE:WSG) Shares Up 5.8%

Shares of Wanda Sports Group Company Limited (NYSE:WSG) shot up 5.8% on Friday . The stock traded as high as $2.75 and last traded at $2.75, 164,200 shares were traded during mid-day trading. A decline of 48% from the average session volume of 318,295 shares. The stock had previously closed at $2.60.

Several brokerages have weighed in on WSG. Zacks Investment Research downgraded Wanda Sports Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 16th. Deutsche Bank began coverage on Wanda Sports Group in a research report on Wednesday, August 21st. They issued a “buy” rating and a $11.00 price objective for the company. Citigroup began coverage on Wanda Sports Group in a research report on Wednesday, August 21st. They issued a “buy” rating and a $5.50 price objective for the company. Morgan Stanley began coverage on Wanda Sports Group in a research report on Wednesday, August 21st. They issued an “overweight” rating for the company. Finally, Loop Capital began coverage on Wanda Sports Group in a research report on Wednesday, August 21st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $8.25.

The company’s fifty day moving average is $3.58.

Wanda Sports Group (NYSE:WSG) last announced its earnings results on Monday, November 18th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17). The company had revenue of $267.36 million during the quarter.

Wanda Sports Group Company Profile (NYSE:WSG)

Wanda Sports Group Company Limited operates as a sports events, media, and marketing platform worldwide. The company engages in the rights distribution, broadcast hosting, digital media and entertainment, program production, event operations and licensing, and brand development and sponsorship activities.

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