Time Warner (NYSE:TWX) was upgraded by investment analysts at Morgan Stanley to an “overweight” rating in a note issued to investors on Thursday, Analyst Ratings Network reports.
Shares of Time Warner (NYSE:TWX) opened at 63.34 on Thursday. Time Warner has a one year low of $42.61 and a one year high of $66.01. The stock’s 50-day moving average is $62.40 and its 200-day moving average is $59.89. The company has a market cap of $58.273 billion and a price-to-earnings ratio of 17.16.
Time Warner (NYSE:TWX) last released its earnings data on Wednesday, August 7th. The company reported $0.83 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.07. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that Time Warner will post $3.74 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TWX. Analysts at ISI Group initiated coverage on shares of Time Warner (NYSE:TWX) in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $71.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Time Warner (NYSE:TWX) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Telsey Advisory Group cut their price target on shares of Time Warner (NYSE:TWX) from $74.00 to $70.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock.
Eight research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $68.05.
Time Warner Inc (NYSE:TWX) is a media and entertainment company.
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