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Time Warner (NYSE:TWX) was downgraded by investment analysts at Topeka Capital Markets from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $69.00 price target on the stock. Topeka Capital Markets’ target price points to a potential downside of 19.00% from the company’s current price.

Time Warner (NYSE:TWX) traded down 12.69% during mid-day trading on Wednesday, hitting $74.3799. 26,540,260 shares of the company’s stock traded hands. Time Warner has a 52-week low of $57.5935 and a 52-week high of $88.13. The stock’s 50-day moving average is $76.55 and its 200-day moving average is $67.11. The company has a market cap of $65.610 billion and a P/E ratio of 18.76.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 6th. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.14. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.87 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Time Warner will post $3.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Sunday, August 31st will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a dividend yield of 1.49%.

A number of other analysts have also recently weighed in on TWX. Analysts at Nomura reiterated a “buy” rating on shares of Time Warner in a research note on Monday, July 28th. They now have a $90.00 price target on the stock, up previously from $74.00. Separately, analysts at Wunderlich raised their price target on shares of Time Warner from $146.00 to $190.00 in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Time Warner from $76.00 to $95.00 in a research note on Monday, July 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.22.

Time Warner Inc (NYSE:TWX) is a media and entertainment company.

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