Time Warner Coverage Initiated by Analysts at Jefferies Group (TWX)
Equities research analysts at Jefferies Group began coverage on shares of Time Warner (NYSE:TWX) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Shares of Time Warner (NYSE:TWX) traded up 1.22% on Wednesday, hitting $69.07. The stock had a trading volume of 7,755,927 shares. Time Warner has a 52 week low of $54.1898 and a 52 week high of $69.71. The stock’s 50-day moving average is $67.33 and its 200-day moving average is $64.19. The company has a market cap of $60.926 billion and a P/E ratio of 15.03.
Time Warner (NYSE:TWX) last announced its earnings results 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. On average, analysts predict that Time Warner will post $4.01 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in 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, June 10th. 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. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $73.71.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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