Time Warner’s (TWX) “Hold” Rating Reaffirmed at BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a report released on Wednesday morning. They currently have a $108.00 price objective on the media conglomerate’s stock.

Other analysts also recently issued reports about the company. Barclays PLC downgraded Time Warner from an overweight rating to an equal weight rating and lifted their target price for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. BidaskClub downgraded Time Warner from a strong-buy rating to a buy rating in a research report on Thursday, July 13th. Royal Bank Of Canada reiterated a hold rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. Evercore ISI downgraded Time Warner from an outperform rating to an in-line rating and set a $108.00 target price for the company. in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a buy rating and issued a $105.00 price objective on shares of Time Warner in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Time Warner currently has an average rating of Hold and a consensus price target of $102.25.

Time Warner (NYSE TWX) opened at 101.87 on Wednesday. The stock has a market capitalization of $79.23 billion, a P/E ratio of 18.90 and a beta of 1.04. The firm’s 50-day moving average is $101.66 and its 200-day moving average is $99.70. Time Warner has a 12 month low of $74.68 and a 12 month high of $103.34.

Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same period last year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Time Warner will post $6.10 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Time Warner by 2.3% in 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 buying an additional 1,116,818 shares during the last quarter. BlackRock Inc. boosted its position in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after buying an additional 1,696,681 shares during the last quarter. State Street Corp boosted its position in Time Warner by 2.1% in 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 buying an additional 688,860 shares during the last quarter. Franklin Resources Inc. boosted its position in Time Warner by 0.4% in 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 buying an additional 51,596 shares during the last quarter. Finally, FMR LLC boosted its position in Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after buying an additional 68,625 shares during the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.

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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