Time Warner Inc. (NYSE:TWX) has been downgraded from Buy to Hold in a report by Drexel Hamilton today.
- Updated: February 12, 2017
Drexel Hamilton has downgraded Time Warner Inc. (NYSE:TWX) from Buy to Hold in a statement released on 2/9/2017.
Previously on Tuesday February 07, 2017, Zacks Investment Research reported on Time Warner Inc. (NYSE:TWX) raised the target price from $0.00 to $108.00. At the time, this indicated a possible upside of 0.12%.
Yesterday Time Warner Inc. (NYSE:TWX) traded 0.22% higher at $96.60. The company’s 50-day moving average is $95.80 and its 200-day moving average is $86.68. The last closing price is up 11.42% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 2,224,721 shares of the stock were exchanged, down from an average trading volume of 4,267,060
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Time Warner Inc. has a 52 week low of $62.21 and a 52 week high of $97.35 with a P/E ratio of 19.50 The company’s market cap is currently $0.
In addition to Drexel Hamilton reporting its target price, a total of 32 brokers have issued a report on the stock. The consensus target price is $85.50 with 8 brokers rating the stock a strong buy, 21 brokers rating the stock a buy, 10 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Time Warner Inc. (NYSE:TWX)
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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It also holds interests in companies that operate broadcast networks. The Company holds interest in Central European Media Enterprises Ltd. (CME), which is a broadcasting company that operates television networks in Bulgaria, Croatia, the Czech Republic, Romania, the Slovak Republic and Slovenia. The Company has a joint venture interest in The CW, which includes a lineup of advertising-supported original programming, as well as a block of advertising-supported programming.
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