Time Warner Inc. (TWX) Earns “Hold” Rating from Loop Capital
Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by investment analysts at Loop Capital in a note issued to investors on Friday. They currently have a $103.00 target price on the media conglomerate’s stock. Loop Capital’s price target would suggest a potential upside of 17.03% from the company’s previous close.
Several other analysts also recently commented on the stock. upgraded shares of Time Warner from a “hold” rating to a “buy” rating and raised their target price for the stock from $102.00 to $103.00 in a report on Wednesday. Pivotal Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and raised their target price for the stock from $102.00 to $103.00 in a report on Monday. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Monday. Deutsche Bank AG restated a “buy” rating and set a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Finally, B. Riley restated a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Twenty-two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Time Warner presently has an average rating of “Hold” and a consensus price target of $103.73.
Shares of Time Warner (NYSE TWX) traded up $0.64 during trading hours on Friday, hitting $88.01. 13,555,700 shares of the company were exchanged, compared to its average volume of 4,638,046. The firm has a market cap of $68,025.67, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The company has a quick ratio of 1.26, a current ratio of 1.48 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 announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.83 EPS. equities analysts anticipate that Time Warner will post 6.2 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Time Warner by 2.3% during the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after buying an additional 1,116,818 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Time Warner by 4.0% during the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares in the last quarter. State Street Corp lifted its holdings in shares of Time Warner by 2.1% during the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Time Warner by 0.4% during the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Time Warner by 8.3% during the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares in the last quarter. 78.46% of the stock is 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.
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