Time Warner Inc. (NYSE:TWX) was downgraded by analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

Several other research firms have also recently weighed in on TWX. BidaskClub cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. Finally, Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $102.25.

Shares of Time Warner (NYSE TWX) traded up 0.10% during trading on Monday, hitting $101.97. The stock had a trading volume of 3,947,597 shares. The firm’s 50 day moving average is $101.66 and its 200 day moving average is $99.70. Time Warner has a 1-year low of $74.27 and a 1-year high of $103.34. The company has a market cap of $79.31 billion, a PE ratio of 18.92 and a beta of 1.04.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.29 earnings per share. Equities research analysts anticipate that Time Warner will post $6.10 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Stillwater Investment Management LLC lifted its holdings in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the period. Park National Corp OH lifted its holdings in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC lifted its holdings in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the period. Aureus Asset Management LLC lifted its holdings in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after buying an additional 25 shares during the period. Finally, Advisory Services Network LLC lifted its holdings in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 79.16% of the company’s stock.

About Time Warner

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

The Fly

Analyst Recommendations for Time Warner (NYSE:TWX)

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