Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday.

TWX has been the topic of several other reports. Jefferies Group LLC reissued a “hold” rating and set a $105.00 price target (up from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Evercore ISI downgraded shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research note on Monday, August 7th. Cowen and Company reissued a “hold” rating and set a $107.50 price target on shares of Time Warner in a research note on Thursday, August 3rd. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $102.91.

Shares of Time Warner (NYSE TWX) opened at 102.40 on Tuesday. Time Warner has a one year low of $75.68 and a one year high of $103.34. The company has a market capitalization of $79.65 billion, a price-to-earnings ratio of 19.00 and a beta of 1.04. The company’s 50 day moving average is $101.65 and its 200 day moving average is $99.76.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. Equities research analysts predict that Time Warner will post $6.10 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/09/28/time-warner-inc-twx-rating-reiterated-by-needham-company-llc.html.

A number of institutional investors have recently made changes to their positions in the business. Stillwater Investment Management LLC lifted its position in Time Warner by 0.4% during the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares during the period. Park National Corp OH lifted its position in Time Warner by 0.6% during the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC lifted its position in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. Aureus Asset Management LLC lifted its position in Time Warner by 0.7% during the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares during the period. Finally, Advisory Services Network LLC lifted its position in Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares during the period. 79.19% of the stock is owned by institutional investors and hedge funds.

About Time Warner

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Analyst Recommendations for Time Warner (NYSE:TWX)

Receive News & Stock Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related stocks with our FREE daily email newsletter.