Time Warner (TWX) : Analyst Rating Update

Time Warner (TWX) : Zacks Investment Research ranks Time Warner (TWX) as 3, which is a Hold recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 1.83, which indicates as a Buy.

Time Warner (TWX) : The most positive equity analysts on Time Warner (TWX) expects the shares to touch $105, whereas, the least positive believes that the stock will trade at $74 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $85.74 with an expected fluctuation of $7.44 from the mean.

Time Warner (NYSE:TWX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.46 and $72.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $74.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $74.54, notching a gain of 0.93% for the day. The total traded volume was 3,602,793 . The stock had closed at $73.85 on the previous day.

Also, In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Time Warner (NYSE:TWX). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $81 per share to $87 per share. The rating by the firm was issued on May 5, 2016. The company shares have dropped -13.94% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $91.34 and the one year low was seen on Feb 10, 2016. The 50-Day Moving Average price is $73.37 and the 200 Day Moving Average price is recorded at $71.09.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.