Time Warner Inc (TWX) is Downgraded by Pacific Crest to Sector Weight

Time Warner Inc (TWX) was Downgraded by Pacific Crest to ” Sector Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Pacific Crest advised their investors in a research report released on May 2, 2016.

Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 91 from a previous price target of $89 .RBC Capital Mkts Initiated Time Warner Inc on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $92.

On the company’s financial health, Time Warner Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $1.01. The company had revenue of $7079.00 million for the quarter, compared to analysts expectations of $7536.20 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Time Warner Inc closed down -0.11 points or -0.14% at $76.91 with 40,67,892 shares getting traded on Wednesday. Post opening the session at $76.66, the shares hit an intraday low of $76.02 and an intraday high of $77.2 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 19, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 241,939 shares at $64.32 per share price. According to the SEC, on Oct 29, 2015, Jessica P Einhorn (director) sold 21,250 shares at $75.00 per share price. On Mar 19, 2015, Carol A Melton (Executive Vice President) sold 12,088 shares at $85.75 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.

Time Warner Inc

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