Time Warner Inc. (TWX) Downgraded by ValuEngine to “Hold”

Time Warner Inc. (NYSE:TWX) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, October 26th.

Other equities research analysts have also issued research reports about the stock. Barclays PLC lowered shares of Time Warner from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $95.00 to $107.00 in a report on Friday, August 4th. BidaskClub lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a report on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. Finally, Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Thursday, July 13th. Twenty-four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $104.02.

Time Warner (NYSE:TWX) traded up $3.55 during mid-day trading on Thursday, hitting $90.60. 26,729,826 shares of the company traded hands, compared to its average volume of 11,703,416. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner has a 52 week low of $85.77 and a 52 week high of $103.90. The company has a market cap of $67,776.52, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.37 and a beta of 0.98.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Thomson Reuters’ 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 company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter last year, the firm earned $1.83 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts predict that Time Warner will post 6.2 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Ropes Wealth Advisors LLC grew its stake in shares of Time Warner by 130.8% in the third quarter. Ropes Wealth Advisors LLC now owns 8,250 shares of the media conglomerate’s stock worth $845,000 after acquiring an additional 4,675 shares during the period. Zeke Capital Advisors LLC grew its stake in shares of Time Warner by 118.5% in the third quarter. Zeke Capital Advisors LLC now owns 17,157 shares of the media conglomerate’s stock worth $1,758,000 after acquiring an additional 9,304 shares during the period. Amalgamated Bank grew its stake in shares of Time Warner by 2.2% in the third quarter. Amalgamated Bank now owns 89,132 shares of the media conglomerate’s stock worth $9,132,000 after acquiring an additional 1,910 shares during the period. Twin Capital Management Inc. grew its stake in shares of Time Warner by 17.6% in the third quarter. Twin Capital Management Inc. now owns 86,970 shares of the media conglomerate’s stock worth $8,910,000 after acquiring an additional 13,000 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd grew its stake in shares of Time Warner by 43.1% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 66,424 shares of the media conglomerate’s stock worth $6,805,000 after acquiring an additional 20,000 shares during the period. Hedge funds and other institutional investors own 79.11% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Time Warner (NYSE:TWX)

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