Time Warner (NYSE:TWX) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, 247wallst.com reports. The firm currently has a $108.00 price target on the media conglomerate’s stock, up from their previous price target of $95.26. UBS Group’s price target would suggest a potential upside of 11.63% from the stock’s current price.
A number of other analysts also recently weighed in on the company. Moffett Nathanson upgraded Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Co restated a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Barclays lifted their price target on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. raised Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $108.00 price objective on shares of Time Warner in a report on Thursday, February 1st. Fifteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and an average target price of $104.36.
Shares of Time Warner (TWX) traded up $1.49 during mid-day trading on Monday, hitting $96.75. The company’s stock had a trading volume of 6,304,133 shares, compared to its average volume of 5,210,000. Time Warner has a one year low of $85.88 and a one year high of $103.90. The stock has a market cap of $75,450.00, a P/E ratio of 17.62, a P/E/G ratio of 1.48 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.
In other news, Director Deborah C. Wright sold 4,019 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the transaction, the director now directly owns 27,785 shares of the company’s stock, valued at $2,600,953.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,488 shares of company stock valued at $2,878,069. Insiders own 0.16% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWX. Bank of Nova Scotia Trust Co. acquired a new position in shares of Time Warner in the third quarter worth $102,000. Americafirst Capital Management LLC purchased a new stake in shares of Time Warner in the third quarter valued at $106,000. Slow Capital Inc. purchased a new stake in shares of Time Warner in the fourth quarter valued at $113,000. Zions Bancorporation grew its position in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the period. Finally, Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of Time Warner in the fourth quarter valued at $131,000. 80.89% of the stock is owned by institutional investors.
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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