Time Warner (TWX) Upgraded by Rosenblatt Securities to “Buy”

Time Warner (NYSE:TWX) was upgraded by Rosenblatt Securities from a “neutral” rating to a “buy” rating in a note issued to investors on Monday, November 13th, MarketBeat Ratings reports. The brokerage presently has a $103.00 target price on the media conglomerate’s stock. Rosenblatt Securities’ price objective points to a potential upside of 12.81% from the stock’s previous close.

Several other analysts have also issued reports on TWX. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group reaffirmed a “hold” rating and set a $105.00 price objective (up from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Cowen reaffirmed a “hold” rating and set a $107.50 price objective on shares of Time Warner in a research note on Thursday, August 3rd. Barclays downgraded shares of Time Warner from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $95.00 to $107.00 in a research note on Friday, August 4th. Finally, Evercore ISI downgraded shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective for the company. in a research note on Monday, August 7th. Twenty-three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Time Warner currently has an average rating of “Hold” and an average price target of $102.87.

Time Warner (TWX) opened at $91.30 on Monday. The company has a market cap of $71,090.00, a price-to-earnings ratio of 15.10, a PEG ratio of 1.44 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 has a 1 year low of $85.88 and a 1 year high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the business posted $1.83 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. sell-side analysts anticipate that Time Warner will post 6.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after purchasing an additional 1,116,818 shares in the last quarter. BlackRock Inc. increased its stake in shares of Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares in the last quarter. State Street Corp increased its stake in shares of Time Warner by 2.1% during the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after purchasing an additional 688,860 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Time Warner by 8.3% during the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock valued at $710,380,000 after buying an additional 556,674 shares during the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

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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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