Time Warner Given Consensus Rating of “Buy” by Analysts (NYSE:TWX)
Shares of Time Warner (NYSE:TWX) have been given a consensus rating of “Buy” by the twenty-five ratings firms that are presently covering the company, StockRatingsNetwork.com reports. Nine research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $73.67.
Time Warner (NYSE:TWX) opened at 68.37 on Friday. Time Warner has a 52 week low of $53.4132 and a 52 week high of $69.39. The stock’s 50-day moving average is $66.20 and its 200-day moving average is $63.87. The company has a market cap of $60.309 billion and a P/E ratio of 15.06. Time Warner also was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,875,743 shares, a growth of 25.9% from the April 30th total of 10,223,922 shares. Based on an average trading volume of 5,319,589 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.5% of the company’s stock are sold short.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, April 30th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Time Warner will post $4.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, June 15th. Stockholders of record on Saturday, May 31st will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, May 28th.
A number of research firms have recently commented on TWX. Analysts at ISI Group raised their price target on shares of Time Warner from $71.00 to $77.00 in a research note on Tuesday. Separately, analysts at Hudson Square Research initiated coverage on shares of Time Warner in a research note on Monday, May 19th. They set a “hold” rating on the stock. Finally, analysts at Topeka Capital Markets raised their price target on shares of Time Warner from $67.00 to $68.00 in a research note on Wednesday, May 14th. They now have a “hold” rating on the stock.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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