Time Warner Inc (TWX) was Reiterated by Telsey Advisory Group to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 91 from a previous price target of $89 . Telsey Advisory Group advised their investors in a research report released on Apr 26, 2016.
Many Wall Street Analysts have commented on Time Warner Inc. RBC Capital Mkts Initiated Time Warner Inc on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $92.Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 76 from a previous price target of $80 .Shares were Reiterated by FBR Capital on Feb 19, 2016 to “Mkt Perform” and Lowered the Price Target to $ 73 from a previous price target of $81 .
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 opened for trading at $75.68 and hit $76.89 on the upside on Friday, eventually ending the session at $76.65, with a gain of 1.60% or 1.21 points. The heightened volatility saw the trading volume jump to 42,55,183 shares. Company has a market cap of $60,565 M.
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 Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.