Time Warner Inc. (TWX) Given “Hold” Rating at Cowen and Company
Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reissued by investment analysts at Cowen and Company in a research note issued on Thursday. They currently have a $107.50 price objective on the media conglomerate’s stock. Cowen and Company’s target price would indicate a potential upside of 3.99% from the company’s previous close.
Several other brokerages have also recently issued reports on TWX. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research note on Monday, August 7th. Finally, Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $95.00 to $107.00 in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $102.91.
Shares of Time Warner (TWX) opened at 103.38 on Thursday. Time Warner has a 52-week low of $78.32 and a 52-week high of $103.90. The company’s 50 day moving average price is $102.07 and its 200 day moving average price is $100.31. The company 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 announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Time Warner’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Time Warner will post $6.10 EPS for the current year.
Several large investors have recently bought and sold shares of TWX. Jacobi Capital Management LLC grew 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 valued at $100,000 after acquiring an additional 20 shares during the period. Bellwether Investment Group LLC grew its position in shares of Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after acquiring an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC grew its position in shares of Time Warner by 4.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the period. Harfst & Associates Inc. grew its position in shares of Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Time Warner during the 2nd quarter valued at about $127,000. Hedge funds and other institutional investors own 79.19% of the company’s stock.
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.
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