Time Warner (TWX) has risen sharply, recording gains of 3.38% in the past 4 weeks. However, the stock has corrected -1.93% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.23% and the fifty day Moving Average is 2.9%. Time Warner Inc. is up 5.26% in the last three month period. Year-to-Date the stock performance stands at 23.95%.
Time Warner (TWX) : The highest short term price target forecast on Time Warner (TWX) is $106 and the lowest target price is $74. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $88.26 with a standard deviation of $8.12.
Time Warner (NYSE:TWX): On Fridays trading session , Opening price of the stock was $80.04 with an intraday high of $80.28. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $78.82. However, the stock managed to close at $79.24, a loss of 0.71% for the day. On the previous day, the stock had closed at $79.81. The total traded volume of the day was 3,219,513 shares.
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States, its networks and related properties include TNT, TBS, Adult Swim, truTV, Turner Classic Movies, Turner Sports, Cartoon Network, Boomerang, CNN and HLN. Outside the United States, Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.