FBR Capital Downgrades Time Warner Inc to Market Perform

Brokerage firm FBR Capital Downgrades its rating on Time Warner Inc(NYSE:TWX). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by FBR Capital was issued on Jul 26, 2016.

In a different note, On May 5, 2016, Goldman Sachs said it Maintains its rating on Time Warner Inc. In the research note, the firm Raises the price-target to $81.00 per share. The shares have been rated ‘Buy’ by the firm. On May 5, 2016, Nomura said it Maintains its rating on Time Warner Inc. In the research note, the firm Raises the price-target to $80.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 2, 2016, Pacific Crest said it Downgrades its rating on Time Warner Inc. The shares have been rated ‘Sector Perform’ by the firm.

Time Warner Inc (TWX) shares turned negative on Fridays trading session with the shares closing down -0.97 points or -1.25% at a volume of 42,73,969. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $77.82. The peak price level was also seen at $77.82 while the days lowest was $76.59. Finally the shares closed at $76.65. The 52-week high of the shares is $89 while the 52-week low is $55.53. According to the latest information available, the market cap of the company is $60,277 M.

Time Warner Inc(TWX) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $7.31B. Analysts had an estimated revenue of $7.30B. Earnings per share were $1.49. Analysts had estimated an EPS of $1.29.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Kenneth J Novack (director) sold 8,400 shares at $74.61 per share price.Also, On Jun 6, 2016, Gary L Ginsberg (Executive Vice President) sold 3,000 shares at $75.79 per share price.On May 10, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 272,710 shares at $74.57 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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