Time Warner Inc. (NYSE:TWX) was upgraded by Pivotal Research from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm presently has a $103.00 price target on the media conglomerate’s stock, up from their prior price target of $102.00. Pivotal Research’s target price points to a potential upside of 16.40% from the company’s previous close.

Several other equities research analysts also recently weighed in on TWX. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. B. Riley reissued a “neutral” rating and issued a $101.00 target price (down previously from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Jefferies Group LLC downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Tuesday, August 15th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Twenty-two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $103.93.

Shares of Time Warner (NYSE TWX) traded down $2.11 on Monday, hitting $88.49. 12,820,500 shares of the stock traded hands, compared to its average volume of 4,523,078. Time Warner has a 1-year low of $86.38 and a 1-year high of $103.90. The stock has a market capitalization of $68,900.00, a P/E ratio of 14.95, a P/E/G ratio of 1.43 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the firm posted $1.83 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. sell-side analysts forecast that Time Warner will post 6.2 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Stillwater Investment Management LLC boosted its holdings in shares of Time Warner by 0.4% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH boosted its holdings in shares of Time Warner by 0.6% in the 2nd quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. Aureus Asset Management LLC boosted its holdings in shares of Time Warner by 0.7% in the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 78.46% 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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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