Time Warner Inc. (TWX) Given “Neutral” Rating at B. Riley

Time Warner Inc. (NYSE:TWX)‘s stock had its “neutral” rating reaffirmed by B. Riley in a research note issued on Friday, November 3rd. They presently have a $101.00 price objective on the media conglomerate’s stock, down from their previous price objective of $105.00. B. Riley’s price objective indicates a potential upside of 12.21% from the company’s current price.

Several other equities research analysts have also commented on TWX. Jefferies Group LLC reiterated a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Wednesday, October 11th. Cowen and Company reiterated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday, October 12th. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Zacks Investment Research lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target 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 issued a buy rating to the company’s stock. Time Warner has an average rating of “Hold” and an average price target of $102.87.

Shares of Time Warner (NYSE TWX) opened at $90.01 on Friday. The company has a market cap of $70,080.00, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.38 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 released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 EPS. equities research analysts expect that Time Warner will post 6.2 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in TWX. Legal & General Group Plc boosted its stake in Time Warner by 2.6% during the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after acquiring an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd bought a new stake in Time Warner during the second quarter worth about $33,886,000. Blair William & Co. IL boosted its stake in Time Warner by 27.9% during the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after acquiring an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Time Warner by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after acquiring an additional 11,740 shares in the last quarter. Finally, Whittier Trust Co. boosted its stake in Time Warner by 3.2% during the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after acquiring an additional 1,513 shares in the last quarter. 77.15% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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