Time Warner (NYSE:TWX) : The most positive equity analysts on Time Warner (NYSE:TWX) expects the shares to touch $105, whereas, the least positive believes that the stock will trade at $74 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $85.74 with an expected fluctuation of $7.44 from the mean.
Shares of Time Warner Inc. appreciated by 0.67% during the last five trading days but lost 3.76% on a 4-week basis. Time Warner Inc. is up 1.31% in the last 3-month period. Year-to-Date the stock performance stands at 15.03%. Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Time Warner (NYSE:TWX). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $87 per share from a prior target of $81. The rating by the firm was issued on May 5, 2016.
Time Warner (NYSE:TWX) : Zacks Investment Research ranks Time Warner (NYSE:TWX) as 3, which is a Hold recommendation. 13 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 1.83, which indicates as a Buy.
Time Warner (NYSE:TWX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.24 and $71.70 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.54, notching a gain of 2.58% for the day. The total traded volume was 4,687,345 . The stock had closed at $71.69 on the previous day.
In an insider trading activity,The director of Time Warner Inc., Novack Kenneth J sold 8,400 shares at $74.61 on June 9, 2016. The Insider selling transaction had a total value worth of $626,724. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.