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Time (NASDAQ:TIME)’s share price reached a new 52-week high during trading on Wednesday , American Banking & Market News reports. The stock traded as high as $25.09 and last traded at $24.85, with a volume of 2,097,518 shares changing hands. The stock had previously closed at $24.58.

A number of research firms have recently commented on TIME. Analysts at FBR Capital Markets initiated coverage on shares of Time in a research note on Wednesday, June 25th. They set a “market perform” rating and a $22.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Time in a research note on Friday, June 13th. They set a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Time in a research note on Friday, June 13th. They set a “buy” rating and a $22.55 price target on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Time presently has an average rating of “Hold” and a consensus price target of $23.52.

The stock has a 50-day moving average of $23.12 and a 200-day moving average of $23.12.

Time Inc, is a magazine publisher in the United States. As of March 31, 2014, the Company publishes 23 magazines in print in the United States, including People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly and Fortune and over 70 magazines outside the United States, primarily through IPC Magazines Group Limited (NASDAQ:TIME) in the United Kingdom and Grupo Editorial Expansion (GEX) in Mexico.

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