Time Warner Inc. (NYSE:TWX) was upgraded by equities research analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm presently has a $103.00 price target on the media conglomerate’s stock, up from their prior price target of $102.00. Pivotal Research’s target price indicates a potential upside of 17.70% from the company’s current price.
TWX has been the topic of several other reports. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Cowen and Company reiterated a “hold” rating and set a $102.00 price target on shares of Time Warner in a research note on Friday, October 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research note on Monday. Twenty-two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $103.71.
Shares of Time Warner (TWX) opened at $87.51 on Monday. The stock has a market cap of $68,897.70, a price-to-earnings ratio of 14.60, a PEG ratio of 1.39 and a beta of 0.98. Time Warner has a 1 year low of $86.38 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.83 EPS. research analysts anticipate that Time Warner will post 6.2 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after buying an additional 1,116,818 shares in the last quarter. BlackRock Inc. boosted its holdings in Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares in the last quarter. State Street Corp boosted its holdings in Time Warner by 2.1% during the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Time Warner by 8.3% during the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares in the last quarter. 78.46% of the stock is currently owned by hedge funds and other 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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