Price Target Update on Time Warner (NYSE:TWX)

Time Warner (NYSE:TWX) : The consensus price target for Time Warner (NYSE:TWX) is $85.74 for the short term with a standard deviation of $7.44. The most optimist securities analyst among the 19 who monitor the stock believes that the stock can reach $105, however, the pessimist price target for the company is $74.

Other Equity analysts have also commented on the company shares. Goldman Sachs maintains its rating on Time Warner (NYSE:TWX). The global brokerage major raises the current price target from $81 per share to $87 per share. Analysts at the Goldman Sachs have a current rating of Buy on the shares. The rating by the firm was issued on May 5, 2016.

Time Warner (NYSE:TWX): stock turned positive on Thursday. Though the stock opened at $73.11, the bulls momentum made the stock top out at $73.19 level for the day. The stock recorded a low of $72.3 and closed the trading day at $73.05, in the green by 0.84%. The total traded volume for the day was 2,779,141. The stock had closed at $72.44 in the previous days trading.

The company shares have dropped -17.87% 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 $73.89 and the 200 Day Moving Average price is recorded at $70.69. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Novack Kenneth J, director of Time Warner Inc., had unloaded 8,400 shares at an average price of $74.61 in a transaction dated on June 9, 2016. The total value of the transaction was worth $626,724.

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.

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