Rosenblatt Securities analyst Alan Gould reiterated a rating on Time Warner Inc (NYSE: TWX) on July 31 and set a price target of . The company’s shares closed yesterday at $102.52, close to its 52-week high of $103.34.
Currently, the analyst consensus on Time Warner Inc is Hold and the average price target is $106.83, representing a 4.2% upside.
In a report released today, Jefferies also downgraded the stock to Hold with a $105 price target.
Based on Time Warner Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $7.33 billion and quarterly net profit of $1.06 billion. In comparison, last year the company earned revenue of $6.95 billion and had a net profit of $950 million.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWX in relation to earlier this year.
Time Warner, Inc. is a media and entertainment company, which engages in the provision of cable network, filmed entertainment, and publishing services. It operates through the following segments: Turner, Home Box Office, and Warner Bros. The Turner segment consisting of cable networks and digital media properties.