Time Warner Inc (TWX) was Downgraded by FBR Capital to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. FBR Capital advised their investors in a research report released on Jul 26, 2016.
Many Wall Street Analysts have commented on Time Warner Inc. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .
On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.29. The company had revenue of $7308.00 million for the quarter, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Time Warner Inc closed down -0.22 points or -0.28% at $77.86 with 22,95,263 shares getting traded on Wednesday. Post opening the session at $78.4, the shares hit an intraday low of $77.72 and an intraday high of $78.4 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 10, 2016, Kenneth J Novack (director) sold 8,400 shares at $74.61 per share price. According to the SEC, on Jun 6, 2016, Gary L Ginsberg (Executive Vice President) sold 3,000 shares at $75.79 per share price. On May 10, 2016, Jeffrey L Bewkes (Chairman of the Board and CEO) sold 272,710 shares at $74.57 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.