Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They presently have a $108.00 target price on the media conglomerate’s stock. Royal Bank Of Canada’s target price points to a potential upside of 6.45% from the company’s current price.

A number of other brokerages also recently commented on TWX. BidaskClub downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. KeyCorp reiterated a “hold” rating on shares of Time Warner in a research note on Tuesday. Cowen and Company reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Finally, Evercore ISI downgraded shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a research note on Monday, August 7th. Two research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.91.

Shares of Time Warner (NYSE:TWX) traded down 0.241% during mid-day trading on Wednesday, hitting $101.215. The stock had a trading volume of 1,462,039 shares. The firm has a market cap of $78.73 billion, a PE ratio of 18.778 and a beta of 1.02. Time Warner has a 12 month low of $78.80 and a 12 month high of $103.90. The stock’s 50-day moving average is $102.08 and its 200 day moving average is $100.39.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Equities research analysts predict 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 made changes to their positions in TWX. Jacobi Capital Management LLC boosted its position in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. Bellwether Investment Group LLC boosted its position in Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after acquiring an additional 44 shares during the last quarter. Harfst & Associates Inc. boosted its position in Time Warner by 31.6% during the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after acquiring an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Time Warner during the second quarter worth approximately $127,000. Hedge funds and other institutional investors own 79.16% 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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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