Share on StockTwits

Evercore Partners lowered their price objective on shares of Time Warner (NYSE:TWX) from $85.00 to $80.00 in a research note issued on Thursday. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ price objective suggests a potential upside of 7.76% from the stock’s previous close.

Shares of Time Warner (NYSE:TWX) opened at 74.24 on Thursday. Time Warner has a one year low of $57.5935 and a one year high of $88.13. The stock has a 50-day moving average of $76.49 and a 200-day moving average of $67.17. The company has a market cap of $65.487 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. Analysts expect that Time Warner will post $3.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Sunday, August 31st will be given a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Wednesday, August 27th.

Several other analysts have also recently commented on the stock. Analysts at Barrington Research upgraded shares of Time Warner from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Separately, analysts at Topeka Capital Markets downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Wednesday. They now have a $69.00 price target on the stock, down previously from $71.00. Finally, analysts at Topeka Capital Markets raised their price target on shares of Time Warner from $70.00 to $71.00 in a research note on Tuesday. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $86.43.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.