Royal Bank Of Canada Reaffirms Hold Rating for Time Warner Inc. (TWX)
Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a research report issued to clients and investors on Wednesday. They currently have a $108.00 price objective on the media conglomerate’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 6.45% from the company’s current price.
TWX has been the subject of several other research reports. Cowen and Company reissued a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, October 12th. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Thursday, August 3rd. Credit Suisse Group cut Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a research note on Monday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, FBR & Co cut Time Warner from a “buy” rating to a “neutral” rating and boosted their price target for the company from $105.00 to $107.50 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $102.91.
Time Warner (NYSE:TWX) traded down 0.28% on Wednesday, reaching $101.18. 1,855,433 shares of the company traded hands. The stock has a market capitalization of $78.70 billion, a price-to-earnings ratio of 18.77 and a beta of 1.02. The firm has a 50 day moving average price of $102.08 and a 200 day moving average price of $100.39. Time Warner has a 52-week low of $78.80 and a 52-week high of $103.90.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 EPS. Equities research analysts predict that Time Warner will post $6.10 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in TWX. Waldron LP raised its stake in Time Warner by 137.7% during the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock worth $508,000 after acquiring an additional 3,093 shares in the last quarter. Rational Advisors LLC acquired a new position in Time Warner during the first quarter worth $850,000. Conservest Capital Advisors Inc. acquired a new position in Time Warner during the first quarter worth $765,000. Compton Capital Management Inc. RI raised its stake in Time Warner by 0.9% during the first quarter. Compton Capital Management Inc. RI now owns 11,484 shares of the media conglomerate’s stock worth $1,122,000 after acquiring an additional 105 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Time Warner by 2.4% during the first quarter. GHP Investment Advisors Inc. now owns 28,401 shares of the media conglomerate’s stock worth $2,775,000 after acquiring an additional 678 shares in the last quarter. Hedge funds and other institutional investors 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.
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