Analyst Rating Update on Time (TIME)

Time (NYSE:TIME) : Zacks Investment Research ranks Time (NYSE:TIME) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 2, which indicates as a Buy.

Time (NYSE:TIME) : Currently there are 3 street experts covering Time (NYSE:TIME) stock. The most bullish and bearish price target for the stock is $20 and $16 respectively for the short term. The average price target of all the analysts comes to $17.67. The estimated standard deviation from the target is $2.08.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Macquarie upgrades its outlook on Time (NYSE:TIME). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on May 19, 2016.

Time (NYSE:TIME): On Tuesdays trading session , Opening price of the stock was $16.03 with an intraday high of $16.21. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.53. However, the stock managed to close at $15.77, a loss of 0.50% for the day. On the previous day, the stock had closed at $15.85. The total traded volume of the day was 970,867 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Time Inc., Bell David Arthur, had purchased 5,000 shares in a transaction dated on May 9, 2016. The transaction was executed at $15.06 per share with total amount equaling $75,300.

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.

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