Several analysts have recently updated their ratings and price targets for Time Warner (NYSE: TWX):

  • 8/7/2017 – Time Warner was downgraded by analysts at Evercore ISI from an “outperform” rating to an “in-line” rating. They now have a $108.00 price target on the stock.
  • 8/7/2017 – Time Warner was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Time Warner, which accepted the buyout offer of AT&T, has outpaced the industry in the past one year. The company’s initiatives such as foraying into new markets and digital endeavors, and investments in video content and technology bode well for the stock. This is evident from its positive earnings surprise streak for more than 20 straight quarters, including an earnings beat of 11.8% in second-quarter 2017. The company witnessed robust subscription revenue growth at Home Box Office and Turner, while Warner Bros. benefited from the success of Wonder Woman. Further, Time Warner’s significant international presence has helped broaden client base and product portfolio. Additionally, we believe that investments in programming, production and marketing, along with focus on operating and capital efficiencies augur well. However, decline in overall advertising spending and currency headwinds may impact the performance.”
  • 8/4/2017 – Time Warner was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $107.00 price target on the stock, up previously from $95.00.
  • 8/3/2017 – Time Warner was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating. They now have a $105.00 price target on the stock.
  • 8/3/2017 – Time Warner had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $107.50 price target on the stock.
  • 8/1/2017 – Time Warner was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/30/2017 – Time Warner had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $105.00 price target on the stock, up previously from $102.42.
  • 7/19/2017 – Time Warner was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/14/2017 – Time Warner had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $108.00 price target on the stock.
  • 7/13/2017 – Time Warner was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “Time Warner has outperformed the industry in the past one year. The company’s initiatives such as foraying into new markets and digital endeavors bode well, as evident from its positive earnings surprise streak for more than 20 straight quarters, including an earnings beat of 15.3% in the first quarter of 2017. Investments in video content and technology continued to show results. Further, Time Warner’s significant international presence has helped broaden client base and product portfolio. Additionally, we believe that investments in programming, production and marketing, along with focus on operating and capital efficiencies augur well. However, decline in overall advertising spending and currency headwinds may adversely impact performance. On the other hand, AT&T has agreed to acquire Time Warner in an $85.4 billion deal, which is expected to be concluded by the end of the year.”
  • 7/13/2017 – Time Warner was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/6/2017 – Time Warner had its “overweight” rating reaffirmed by analysts at Morgan Stanley.
  • 6/20/2017 – Time Warner was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/12/2017 – Time Warner was given a new $108.00 price target on by analysts at Royal Bank Of Canada. They now have a “hold” rating on the stock.

Shares of Time Warner Inc. (NYSE:TWX) traded down 0.33% during midday trading on Thursday, hitting $101.94. The stock had a trading volume of 3,317,784 shares. The firm’s 50-day moving average price is $100.71 and its 200-day moving average price is $98.80. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34. The firm has a market capitalization of $79.29 billion, a PE ratio of 18.91 and a beta of 1.05.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company earned $1.29 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts predict that Time Warner Inc. will post $6.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.58%. Time Warner’s dividend payout ratio is presently 29.98%.

In other Time Warner news, CFO Howard M. Averill bought 255 shares of Time Warner stock in a transaction on Thursday, June 15th. The shares were purchased at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the acquisition, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.16% of the company’s stock.

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.

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