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A number of stock research firms have changed their ratings and price targets for Time Warner (NYSE: TWX) during the last seven days:

  • Time Warner had its price target lowered by analysts at FBR Capital Markets from $90.00 to $85.00. They now have an “outperform” rating on the stock.
  • Time Warner had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $85.00 price target on the stock, down previously from $95.00. They wrote, “Following Fox’s withdrawal of its bid and pullback in shares, we remain OW as focus shifts back to fundamental outlook, where we remain bullish and above consensus. Our fundamental-only base case target of $85 is roughly 15x ’16E EPS, and we see a credible 20% EPS CAGR bull case to $100.”
  • Time Warner had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $77.00 price target on the stock.
  • Time Warner had its price target raised by analysts at Wunderlich from $83.00 to $93.00. They now have a “buy” rating on the stock. They wrote, “Warner Bros. and Microsoft (MSFT-NR) are reportedly in tentative discussions that could have the studio acquiring the soon-to-be shuttered Santa Monica Xbox Entertainment Studios division. XES could then possibly be merged with Machinima, the video game/user generated content oriented YouTube network that is partly owned by Warner Bros. (XES programming still to be produced includes Halo: Nightfall and the slated Halo live-action TV series.) Beyond this interesting but modest deal, we feel that Buy-rated Time Warner’s (TWX) stock price over discounts film risk at Warner Bros. and (more pivotally) current advertising sluggishness at Turner Networks. We are now increasing our formal price target to $93 in 2015, vs. a former $83 2014 oriented target.”
  • Time Warner had its “sell” rating reaffirmed by analysts at Topeka Capital Markets.

Time Warner Inc (NYSE:TWX) opened at 76.99 on Wednesday. Time Warner Inc has a 52-week low of $57.7757 and a 52-week high of $88.13. The stock has a 50-day moving average of $77.98 and a 200-day moving average of $68.01. The company has a market cap of $65.814 billion and a price-to-earnings ratio of 16.34. Time Warner also was the recipient of a large decline in short interest during the month of 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 presently 0.6 days.

Time Warner (NYSE:TWX) last posted its quarterly earnings results 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. On average, analysts predict that Time Warner Inc will post $4.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 1.65%. The ex-dividend date of this dividend is Wednesday, August 27th.

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

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