Time Warner (NYSE:TWX) was downgraded by Moffett Nathanson from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
Other equities analysts also recently issued reports about the stock. Barrington Research downgraded shares of Time Warner from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and reduced their target price for the stock from $108.00 to $105.00 in a research note on Tuesday, April 17th. Loop Capital initiated coverage on shares of Time Warner in a research note on Thursday, March 15th. They set a “buy” rating and a $107.50 target price on the stock. Finally, Barclays reaffirmed a “hold” rating and set a $98.00 target price on shares of Time Warner in a research note on Monday, April 30th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $104.19.
Time Warner opened at $100.20 on Wednesday, according to Marketbeat. The stock has a market cap of $75.24 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Time Warner has a twelve month low of $85.88 and a twelve month 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 posted its quarterly earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.54. The firm had revenue of $8 billion for the quarter, compared to analyst estimates of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. Time Warner’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. equities analysts predict that Time Warner will post 8.09 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in TWX. Stevens First Principles Investment Advisors raised its stake in shares of Time Warner by 945.9% in the 1st quarter. Stevens First Principles Investment Advisors now owns 1,161 shares of the media conglomerate’s stock valued at $110,000 after acquiring an additional 1,050 shares during the period. Slow Capital Inc. purchased a new stake in Time Warner during the 4th quarter worth approximately $113,000. McKinley Carter Wealth Services Inc. purchased a new stake in Time Warner during the 1st quarter worth approximately $128,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Time Warner during the 4th quarter worth approximately $131,000. Finally, Centaurus Financial Inc. purchased a new stake in Time Warner during the 1st quarter worth approximately $134,000. 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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