Time Warner Inc. (TWX) Stock Rating Reaffirmed by Wells Fargo & Company
Time Warner Inc. (NYSE:TWX)‘s stock had its “market perform” rating restated by Wells Fargo & Company in a research note issued on Tuesday. They currently have a $84.00 price objective on the media conglomerate’s stock, down from their previous price objective of $100.00. Wells Fargo & Company’s price objective would indicate a potential downside of 6.68% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research report on Monday, August 7th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Wednesday, September 13th. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Cowen and Company reiterated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research report on Thursday, August 3rd. Twenty-three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $102.87.
Shares of Time Warner (TWX) opened at $90.01 on Tuesday. Time Warner has a one year low of $85.88 and a one year high of $103.90. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $70,080.00, a PE ratio of 14.47, a PEG ratio of 1.38 and a beta of 0.98.
Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the business earned $1.83 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. research analysts expect that Time Warner will post 6.2 EPS for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of TWX. Jacobi Capital Management LLC increased its stake in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in Time Warner during the third quarter worth $102,000. Americafirst Capital Management LLC acquired a new stake in Time Warner during the third quarter worth $106,000. Patriot Financial Group Insurance Agency LLC increased its stake in Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after acquiring an additional 44 shares during the last quarter. Finally, Zions Bancorporation increased its stake in Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after acquiring an additional 999 shares during the last quarter. 77.15% of the stock is owned by institutional investors.
Time Warner Company Profile
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.
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