Time Warner Stock Rating Reaffirmed by Guggenheim (TWX)
Time Warner (NYSE:TWX)‘s stock had its “hold” rating restated by research analysts at Guggenheim in a report released on Monday, Analyst Ratings Network reports.
Shares of Time Warner (NYSE:TWX) traded down 1.33% on Monday, hitting $67.76. The stock had a trading volume of 1,324,118 shares. Time Warner has a one year low of $48.55 and a one year high of $70.77. The stock’s 50-day moving average is $67.06 and its 200-day moving average is $64.46. The company has a market cap of $61.304 billion and a P/E ratio of 16.73.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, November 6th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.12. The company had revenue of $6.90 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Time Warner will post $3.76 EPS for the current fiscal year.
A number of other firms have also recently commented on TWX. Analysts at Ascendiant Capital Markets initiated coverage on shares of Time Warner in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Time Warner in a research note to investors on Tuesday, December 3rd. They now have a $75.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 25th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $71.96.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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