Canaccord Genuity Gives Accumulate Rating to Time Warner (TWX)

By admin | 7 years ago

Time Warner (NYSE: TWX)‘s stock had its “accumulate” rating reiterated by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Time Warner in a research note to investors on Thursday. Separately, analysts at Needham & Company reiterated a “hold” rating on shares of Time Warner in a research note to investors on Tuesday, April 10th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Time Warner from $43.00 to $44.00 in a research note to investors on Monday, April 9th.

Time Warner traded down 1.57% on Thursday, hitting $36.40. Time Warner has a 1-year low of $27.62 and a 1-year high of $39.24. The company has a market cap of $35.053 billion and a price-to-earnings ratio of 13.60.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.67 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.65 EPS by $0.02. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts expect that Time Warner will post $0.88 EPS next quarter.

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company has three reporting segments: Networks, consisting principally of cable television networks that provide programming; Filmed Entertainment, consisting principally of feature film, television and home video production and distribution, and Publishing, consisting principally of magazine publishing.

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