Time Inc (NYSE:TIME) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 8, 2016
Boasting a price of $14.22, Time Inc (NYSE:TIME) traded -2.42% lower on the day. With the last stock price close down -10.13% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Time Inc has recorded a 50-day average of $14.45 and a two hundred day average of $15.26. Volume of trade was down over the average, with 529,999 shares of TIME changing hands under the typical 830,297
Zacks Investment Research has downgraded Time Inc (NYSE:TIME) to Sell in a statement released on 10/06/2016.
On Thursday May 19, 2016, Macquarie Research released a statement for Time Inc (NYSE:TIME) bumped up the target price from $0.00 to $17.00 that suggested an upside of 0.20%.
With a total market value of $0, Time Inc has with a one year low of $12.23 and a one year high of $20.01 .
A total of 3 equity analysts have released a research note on TIME. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $17.67.
More About Time Inc (NYSE:TIME)
Time Inc. is a media company. The Company's brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as over 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound, and Wallpaper*. The Company's franchises and events include the Fortune 500, Time 100, People's Sexiest Man Alive, Sports Illustrated's Sportsperson of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. The Company provides content marketing, targeted local print and digital advertising programs, branded book publishing, and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services, and customer service and fulfillment services, for the Company and third-party clients, including other magazine publishers.
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