Time Warner Inc. (TWX) Rating Reiterated by Jefferies Group LLC

Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They currently have a $105.00 price objective on the media conglomerate’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 3.50% from the stock’s current price. Jefferies Group also issued estimates for Time Warner’s Q3 2017 earnings at $1.57 EPS, Q4 2017 earnings at $1.55 EPS, Q3 2018 earnings at $1.71 EPS and Q4 2018 earnings at $1.69 EPS.

Other research analysts have also issued research reports about the company. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday, July 13th. Barclays PLC lowered Time Warner from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $95.00 to $107.00 in a research report on Friday, August 4th. Royal Bank Of Canada restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. Finally, Cowen and Company restated a “hold” rating and set a $107.50 price objective on shares of Time Warner in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.91.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share.

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Several institutional investors have recently bought and sold shares of the company. Stillwater Investment Management LLC raised its stake in shares of Time Warner by 0.4% during the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after acquiring an additional 9 shares in the last quarter. Park National Corp OH raised its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares in the last quarter. Aureus Asset Management LLC raised its stake in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after buying an additional 25 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after buying an additional 26 shares in the last quarter. 79.19% of the stock is owned by hedge funds and other institutional investors.

About Time Warner

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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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