Time Warner Inc. (TWX) Rating Reiterated by Jefferies Group LLC

Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Wednesday. They presently have a $105.00 price objective on the media conglomerate’s stock. Jefferies Group LLC’s target price would suggest a potential upside of 1.57% from the stock’s current price.

Other research analysts have also issued reports about the company. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research report on Thursday, July 13th. Barclays PLC lowered 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 research report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. Finally, Cowen and Company restated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Time Warner currently has a consensus rating of “Hold” and an average price target of $102.91.

Shares of Time Warner (TWX) traded up 0.03% during midday trading on Wednesday, reaching $103.38. The company’s stock had a trading volume of 5,007,096 shares. Time Warner has a one year low of $78.32 and a one year high of $103.90. The stock’s 50-day moving average is $102.03 and its 200-day moving average is $100.29. The company has a market capitalization of $80.41 billion, a P/E ratio of 19.18 and a beta of 1.02.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the 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 during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Time Warner will post $6.10 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC grew its holdings in shares of Time Warner by 98.0% during the second quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after buying an additional 400 shares during the last quarter. Jacobi Capital Management LLC grew its holdings in shares of 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 buying an additional 20 shares during the last quarter. Bellwether Investment Group LLC grew its holdings in shares of 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 buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of 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 buying an additional 44 shares during the last quarter. Finally, Harfst & Associates Inc. grew its holdings in shares of 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 buying an additional 288 shares during the last quarter. 79.19% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Company Profile

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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