Time Warner Inc (NYSE:TWX) has been assigned an average recommendation of “Hold” from the thirty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Twenty-three investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $104.33.

Several research analysts have recently weighed in on TWX shares. Deutsche Bank restated a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Rosenblatt Securities upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Monday, November 13th. Pivotal Research upgraded Time Warner from a “hold” rating to a “buy” rating and boosted their target price for the stock from $102.00 to $103.00 in a report on Monday, November 13th. upgraded Time Warner from a “hold” rating to a “buy” rating and boosted their target price for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Finally, Barclays boosted their target price on Time Warner from $92.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 21st.

Time Warner (TWX) traded down $0.41 during mid-day trading on Friday, reaching $89.65. The company had a trading volume of 6,077,400 shares, compared to its average volume of 4,777,230. 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 has a 12 month low of $85.88 and a 12 month high of $103.90. The firm has a market cap of $70,120.09, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.42 and a beta of 0.95.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.83 EPS. equities research analysts anticipate that Time Warner will post 6.2 earnings per share for the current fiscal year.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning grew its stake in shares of Time Warner by 3.8% in the second quarter. Creative Planning now owns 47,553 shares of the media conglomerate’s stock worth $4,775,000 after acquiring an additional 1,751 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Time Warner by 7.3% in the second quarter. State of Alaska Department of Revenue now owns 120,714 shares of the media conglomerate’s stock worth $12,120,000 after acquiring an additional 8,183 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in shares of Time Warner in the second quarter worth $539,000. National Pension Service grew its stake in shares of Time Warner by 9.8% in the second quarter. National Pension Service now owns 627,230 shares of the media conglomerate’s stock worth $62,585,000 after acquiring an additional 56,110 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Time Warner by 513.3% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 126,134 shares of the media conglomerate’s stock worth $12,665,000 after acquiring an additional 105,569 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors.

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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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