Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Group LLC in a report released on Wednesday. They presently have a $105.00 price objective on the media conglomerate’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 1.57% from the company’s current price.

Several other brokerages have also recently issued reports on TWX. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Wednesday, September 13th. Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have issued a buy rating to the company. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $102.91.

Time Warner (TWX) traded up 0.03% on Wednesday, reaching $103.38. 5,007,096 shares of the company’s stock traded hands. Time Warner has a 52 week low of $78.32 and a 52 week high of $103.90. The firm has a 50-day moving average price of $102.03 and a 200-day moving average price of $100.29. The stock has a market capitalization of $80.41 billion, a price-to-earnings ratio of 19.18 and a beta of 1.02.

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

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Hedge funds have recently bought and sold shares of the business. Stillwater Investment Management LLC raised its position in shares of Time Warner by 0.4% during the 2nd quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after acquiring an additional 9 shares in the last quarter. Park National Corp OH raised its position in shares of Time Warner by 0.6% during the 2nd quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after acquiring an additional 14 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Aureus Asset Management LLC raised its position in shares of Time Warner by 0.7% during the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after acquiring an additional 25 shares in the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after acquiring an additional 26 shares in the last quarter. 79.19% of the stock is currently owned by institutional investors.

Time Warner Company Profile

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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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