Time Warner (NYSE:TWX) was downgraded by Barrington Research from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, The Fly reports.
Several other equities research analysts also recently commented on the stock. UBS Group raised shares of Time Warner from a “neutral” rating to a “buy” rating and upped their price objective for the company from $95.26 to $108.00 in a report on Monday, March 12th. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and lowered their price target for the stock from $108.00 to $105.00 in a report on Tuesday, April 17th. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Loop Capital started coverage on shares of Time Warner in a report on Thursday, March 15th. They issued a “buy” rating and a $107.50 price target on the stock. Finally, Barclays reissued a “hold” rating and issued a $98.00 price target on shares of Time Warner in a report on Monday, April 30th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $104.19.
Time Warner opened at $96.22 on Wednesday, according to MarketBeat Ratings. The stock has a market cap of $75.24 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Time Warner has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.54. The business had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. analysts anticipate that Time Warner will post 8.09 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in TWX. Viking Global Investors LP purchased a new stake in Time Warner in the fourth quarter valued at approximately $420,390,000. Canyon Capital Advisors LLC raised its stake in Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after purchasing an additional 3,398,928 shares in the last quarter. Abrams Capital Management L.P. purchased a new stake in Time Warner in the fourth quarter valued at approximately $272,639,000. Natixis raised its stake in Time Warner by 292.4% in the first quarter. Natixis now owns 3,034,294 shares of the media conglomerate’s stock valued at $285,774,000 after purchasing an additional 2,261,101 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Time Warner by 57.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after purchasing an additional 1,962,423 shares in the last quarter. 79.37% of the stock is currently owned by institutional investors and hedge funds.
Time Warner Company Profile
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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