Time Warner Upgraded to “Buy” by Janney Montgomery Scott (TWX)
Time Warner (NYSE:TWX) was upgraded by equities researchers at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on TWX. Analysts at Guggenheim upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Thursday. Separately, analysts at RBC Capital raised their price target on shares of Time Warner from $73.00 to $76.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Time Warner from $80.00 to $90.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Time Warner presently has an average rating of “Buy” and a consensus price target of $76.15.
Time Warner (NYSE:TWX) opened at 83.13 on Thursday. Time Warner has a one year low of $57.5935 and a one year high of $84.40. The stock’s 50-day moving average is $69.68 and its 200-day moving average is $64.97. The company has a market cap of $73.329 billion and a P/E ratio of 15.64.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.82 earnings per share. Time Warner’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Time Warner will post $4.00 EPS for the current fiscal year.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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