Time Warner Receives New Coverage from Analysts at Guggenheim (TWX)
Stock analysts at Guggenheim began coverage on shares of Time Warner (NYSE:TWX) in a report issued on Thursday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Time Warner (NYSE:TWX) traded up 0.67% on Thursday, hitting $70.31. 3,487,399 shares of the company’s stock traded hands. Time Warner has a 1-year low of $41.03 and a 1-year high of $66.01. The stock’s 50-day moving average is $62.36 and its 200-day moving average is $59.63. The company has a market cap of $64.686 billion and a price-to-earnings ratio of 18.92.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 7th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.07. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
A number of other firms have also recently commented on TWX. Analysts at Hanson initiated coverage on shares of Time Warner in a research note to investors on Monday, October 14th. They set a “neutral” rating and a $71.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner in a research note to investors on Thursday, September 19th. They now have a $67.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Time Warner to $72.00 in a research note to investors on Thursday, September 19th. They now have an “overweight” rating on the stock. Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $69.24.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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