Time Warner Inc. (NYSE:TWX) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday.
Other equities analysts have also issued reports about the stock. Barclays PLC lowered shares of Time Warner from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $95.00 to $107.00 in a report on Friday, August 4th. BidaskClub lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $105.00 price objective on shares of Time Warner in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $102.25.
Time Warner (NYSE TWX) traded up 0.10% on Monday, reaching $101.97. 3,947,597 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $101.66 and its 200 day moving average price is $99.70. The firm has a market capitalization of $79.31 billion, a PE ratio of 18.92 and a beta of 1.04. Time Warner has a 52-week low of $74.27 and a 52-week high of $103.34.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Time Warner will post $6.10 EPS for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the last quarter. Bellwether Investment Group LLC lifted its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after acquiring an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after acquiring an additional 100 shares during the last quarter. Harfst & Associates Inc. lifted its stake in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Time Warner in the second quarter valued at $127,000. 79.16% of the stock is owned by institutional investors and hedge funds.
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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