Deutsche Bank AG Reiterates Buy Rating for Time Warner Inc. (TWX)
Time Warner Inc. (NYSE:TWX)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report released on Friday. They currently have a $99.00 target price on the media conglomerate’s stock. Deutsche Bank AG’s price target indicates a potential upside of 9.27% from the company’s current price.
A number of other research firms also recently issued reports on TWX. BidaskClub downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Wednesday, September 13th. KeyCorp reissued a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Cowen and Company reissued a “hold” rating and set a $107.50 price target on shares of Time Warner in a research report on Thursday, August 3rd. Twenty-four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Time Warner has an average rating of “Hold” and an average price target of $104.02.
Time Warner (NYSE:TWX) opened at $90.60 on Friday. Time Warner has a 12-month low of $85.77 and a 12-month high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The stock has a market capitalization of $70,540.52, a price-to-earnings ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. research analysts forecast that Time Warner will post 6.2 earnings per share for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after purchasing an additional 99,059 shares during the period. Segantii Capital Management Ltd acquired a new stake in Time Warner in the second quarter valued at approximately $33,886,000. Blair William & Co. IL grew its holdings in Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after purchasing an additional 8,096 shares during the period. State of Wisconsin Investment Board grew its holdings in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after purchasing an additional 11,740 shares during the period. Finally, Whittier Trust Co. grew its holdings in Time Warner by 3.2% in the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock valued at $5,038,000 after purchasing an additional 1,513 shares during the period. 79.11% of the stock is currently owned by 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.
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