Zacks Investment Research downgraded Time Warner Inc (NYSE:TWX) to Hold in a statement released earlier today.
- Updated: October 19, 2016
Displaying a price of $79.24, Time Warner Inc (NYSE:TWX) traded -0.34% lower on the day. With the last close up 3.79% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Time Warner Inc has recorded a 50-day average of $78.09 and a two hundred day average of $76.34. Volume of trade was down over the average, with 2,452,354 shares of TWX changing hands under the typical 3,524,800
Zacks Investment Research has downgraded Time Warner Inc (NYSE:TWX) to Hold in a statement released on 10/18/2016.
On 10/17/2016, Wedbush released a statement for Time Warner Inc (NYSE:TWX) held steady the target price at $90.00 that suggested an upside of 0.13%.
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Time Warner Inc has a 52 week low of $55.53 and a 52 week high of $81.33 with a P/E ratio of 15.77 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 32 firms have issued a report on the stock. The consensus target price is $85.50 with 8 firms rating the stock a strong buy, 21 firms rating the stock a buy, ten brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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. The Company 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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