UBS Group upgraded shares of Time Warner (NYSE:TWX) from a neutral rating to a buy rating in a research note published on Monday morning, 247wallst.com reports. They currently have $108.00 price target on the media conglomerate’s stock, up from their previous price target of $95.26.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Time Warner from a hold rating to a sell rating in a report on Friday, January 12th. Wells Fargo & Co restated a market perform rating and set a $84.00 price objective (down previously from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Pivotal Research restated a buy rating and set a $108.00 price objective (up previously from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Barclays boosted their price objective on shares of Time Warner from $92.00 to $107.00 and gave the stock an equal weight rating in a report on Tuesday, November 21st. Finally, Rosenblatt Securities upgraded shares of Time Warner from a neutral rating to a buy rating and set a $103.00 price objective on the stock in a report on Monday, November 13th. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Time Warner currently has a consensus rating of Hold and a consensus price target of $104.36.
Time Warner (NYSE:TWX) opened at $96.75 on Monday. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. The stock has a market cap of $75,450.00, a PE ratio of 17.62, a PEG ratio of 1.48 and a beta of 0.93.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Deborah C. Wright sold 4,019 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $93.61, for a total transaction of $376,218.59. Following the completion of the transaction, the director now owns 27,785 shares in the company, valued at $2,600,953.85. The disclosure for this sale can be found here. In the last three months, insiders sold 31,488 shares of company stock worth $2,878,069. 0.16% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner in the third quarter valued at about $102,000. Americafirst Capital Management LLC acquired a new position in Time Warner in the third quarter valued at about $106,000. Zions Bancorporation boosted its position in Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares in the last quarter. Slow Capital Inc. acquired a new position in Time Warner in the fourth quarter valued at about $113,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Time Warner in the fourth quarter valued at about $131,000. Hedge funds and other institutional investors own 80.89% of the company’s stock.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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