Time Warner (TWX) : The consensus on Time Warner (TWX) based on 25 analyst recommendation on the company stock is 1.88, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Time Warner (TWX) : The most positive equity analysts on Time Warner (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 20 Wall Street Brokerage Firms. The average price target for shares are $86.35 with an expected fluctuation of $7.12 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, FBR Capital downgrades its ratings on Time Warner (NYSE:TWX). According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 26, 2016.
Time Warner (NYSE:TWX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.97 and $76.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $78.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.83, notching a gain of 2.71% for the day. The total traded volume was 9,711,295 . The stock had closed at $75.78 on the previous day.
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.