Time Warner Hits New 52-Week High at $84.40 (TWX)
Time Warner (NYSE:TWX) hit a new 52-week high during trading on Wednesday , Stock Ratings News reports. The stock traded as high as $84.40 and last traded at $82.80, with a volume of 50,058,339 shares changing hands. The stock had previously closed at $71.01.
Several analysts have recently commented on the stock. Analysts at Barrington Research downgraded shares of Time Warner from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at Evercore Partners downgraded shares of Time Warner from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. They now have a $75.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Time Warner in a research note on Wednesday, July 9th. They set an “equal weight” rating and a $78.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.60.
The stock has a 50-day moving average of $69.29 and a 200-day moving average of $64.84. The company has a market cap of $74.034 billion and a P/E ratio of 15.64.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.82 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. On average, analysts predict that Time Warner will post $4.00 earnings per share for the current fiscal year.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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