JP Morgan Maintains Time Warner Inc to Overweight with Price Target $84.00

Brokerage firm JP Morgan Maintains its rating on Time Warner Inc(NYSE:TWX). In a research note issued to the investors, the brokerage major Raises the price-target to $84.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Apr 11, 2016.

In a different note, On Feb 29, 2016, Barclays said it Maintains its rating on Time Warner Inc. In the research note, the firm Lowers the price-target to $80.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Feb 18, 2016, Deutsche Bank said it Maintains its rating on Time Warner Inc. In the research note, the firm Raises the price-target to $88.00 per share. The shares have been rated ‘Buy’ by the firm. Albert Fried & Co. said it Initiates Coverage on Time Warner Inc, according to a research note issued on Feb 9, 2016. The shares have been rated ‘Overweight’ by the firm. Telsey Advisory Group said it Initiates Coverage on Time Warner Inc, according to a research note issued on Feb 5, 2016. The shares have been rated ‘Outperform’ by the firm. Albert Fried & Co. said it Initiates Coverage on Time Warner Inc, according to a research note issued on Jan 21, 2016. In the research note, the firm Announces the price-target to $90 per share. The shares have been rated ‘Overweight’ by the firm. Drexel Hamilton said it Initiates Coverage on Time Warner Inc, according to a research note issued on Jan 14, 2016. The shares have been rated ‘Buy’ by the firm.

Time Warner Inc (TWX) shares turned negative on Fridays trading session with the shares closing down -0.55 points or -0.73% at a volume of 42,02,515. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $75.02. The peak price level was also seen at $75.02 while the days lowest was $74.31. Finally the shares closed at $74.5. The 52-week high of the shares is $91.34 while the 52-week low is $55.53. According to the latest information available, the market cap of the company is $58,866 M.

Time Warner Inc(TWX) last announced its earnings results on Feb 10, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $7.08B. Analysts had an estimated revenue of $7.53B. Earnings per share were $1.06. Analysts had estimated an EPS of $1.01.

Several Insider Transactions has been reported to the SEC. On Feb 19, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 241,939 shares at $64.32 per share price.Also, 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.

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