Time Warner (TWX) : Average target price received by Time Warner (TWX) is $85.85 with an expected standard deviation of $7.29. The most aggressive target on the stock is $105, whereas the most downbeat target is $74. 20 financial analysts are currently covering the stock.
Time Warner (TWX), A drop of 865,711 shares or 8.2% was seen in the short interest of Time Warner Inc. Even as the interest dropped from 10,587,210 shares on June 15,2016 to 9,721,499 shares on June 30,2016, the days to cover came in at 2. The updated interest stood at 1.2% of the stocks floats. The stock has seen an average daily volume of 4,224,451 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Goldman Sachs maintains the rating on Time Warner (NYSE:TWX). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $81 per share to $87 per share. 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 $78.72, the bulls momentum made the stock top out at $78.91 level for the day. The stock recorded a low of $78.16 and closed the trading day at $78.59, in the green by 0.69%. The total traded volume for the day was 3,267,748. The stock had closed at $78.05 in the previous days trading.
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.