Time (NYSE:TIME) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 4 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Macquarie upgrades its view on Time (NYSE:TIME) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on May 19, 2016.
Time (NYSE:TIME) should head towards $17.67 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $16 per share. The higher price estimate target is at $20 according to the Analysts.
Time (NYSE:TIME) rose 1.27% or 0.22 points on Tuesday and made its way into the gainers of the day. After trading began at $17.28 the stock was seen hitting $17.515 as a peak level and $17.1 as the lowest level. The stock ended up at $17.5. The daily volume was measured at 954,205 shares. The 52-week high of the share price is $24.26 and the 52-week low is $12.2325. The company has a market cap of $1,781 million.
Shares of Time Inc. rose by 5.49% in the last five trading days and 20.77% for the last 4 weeks. Time Inc. is up 13.71% in the last 3-month period. Year-to-Date the stock performance stands at 11.68%.
Time Inc. is a media company. The Companys brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as approximately 50 titles in the United Kingdom, such as Decanter and Horse & Hound. The Company is engaged in celebrated events and franchises, including the Fortune 500, Time 100, Peoples Sexiest Man Alive, Sports Illustrateds Sportsman of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. It also provides content marketing, targeted local print and digital advertising programs, book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for the Company and third-party customers, including other magazine publishers.