Time Warner Inc (NYSE:TWX) Outperform Rating Reconfirmed by Analysts at Wedbush

In an analyst note revealed to clients on Friday morning, Time Warner Inc (NYSE:TWX) stock Outperform was reconfirmed by Analysts at Wedbush. They currently have a $88.00 target price on the stock. Wedbush’s target price means a potential upside of 14.81% from the company’s previous stock close.

Out of 25 analysts covering Time Warner Inc. (NYSE:TWX), 19 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 76% are positive. $200 is the highest target while $71 is the lowest. The $93.03 average target is 21.37% above today’s ($76.65) stock price. Time Warner Inc. has been the topic of 50 analyst reports since August 6, 2015 according to StockzIntelligence Inc. FBR Capital downgraded the stock on July 26 to “Market Perform” rating. FBR Capital maintained it with “Mkt Perform” rating and $73 target price in a February 19 report. JP Morgan maintained the shares of TWX in a report on April 11 with “Overweight” rating. Albert Fried initiated the firm’s rating on January 21. Albert Fried has “” rating and $90 price target. Lastly, Telsey Advisory Group initiated the stock with “Outperform” rating in a February 5 report.

The stock decreased 1.25% or $0.97 on July 29, hitting $76.65. About 4.27M shares traded hands or 14.48% up from the average. Time Warner Inc (NYSE:TWX) has risen 18.86% since December 23, 2015 and is uptrending. It has outperformed by 13.56% the S&P500.

Analysts await Time Warner Inc (NYSE:TWX) to report earnings on August, 3. They expect $1.15 EPS, down 8.00% or $0.10 from last year’s $1.25 per share. TWX’s profit will be $900.80M for 16.66 P/E if the $1.15 EPS becomes a reality. After $1.49 actual EPS reported by Time Warner Inc for the previous quarter, Wall Street now forecasts -22.82% negative EPS growth.

The institutional sentiment increased to 1.33 in Q1 2016. Its up 0.53, from 0.8 in 2015Q4. The ratio is positive, as 70 funds sold all Time Warner Inc shares owned while 275 reduced positions. 117 funds bought stakes while 343 increased positions. They now own 650.52 million shares or 3.72% more from 627.22 million shares in 2015Q4.

Read full story at http://presstelegraph.com/2016/07/30/time-warner-inc-nysetwx-outperform-rating-reconfirmed-by-analysts-at-wedbush-the-tp-is-set-to-88-00/