Time Warner Receives “Sell” Rating from Topeka Capital Markets (TWX)
Time Warner (NYSE:TWX) traded up 0.30% during mid-day trading on Monday, hitting $76.73. The stock had a trading volume of 1,600,194 shares. 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 $77.80 and its 200-day moving average is $67.72. The company has a market cap of $65.591 billion and a P/E ratio of 16.26. Time Warner also saw a large decline in short interest in July. As of July 31st, there was short interest totalling 9,936,194 shares, a decline of 29.2% from the July 15th total of 14,043,805 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 15,431,423 shares, the short-interest ratio is currently 0.6 days.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, August 6th. The company reported $0.98 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Time Warner will post $4.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors 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 1.66%. The ex-dividend date is Wednesday, August 27th.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Time Warner from $83.00 to $93.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner in a research note on Wednesday, August 13th. They now have a $77.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research note on Wednesday, August 13th. They now have a $85.00 price target on the stock, down previously from $95.00. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.73.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
Receive News & Ratings for Time Warner Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.