Time Warner (NYSE:TWX) Wins Upped Rating, “Buy” from Pivotal Research Group Keeping $103.0 TP

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Time Warner (NYSE:TWX) Upgrade

Equity research analysts at Pivotal Research Group’s equities research division upped Time Warner (NYSE:TWX)’s stock from “Hold” to “Buy” on 14 November. The analysts at Pivotal Research Group have a target price of $103.0 on TWX or 4.79 % more upside.

Despite the company’s rating upgrade NYSE:TWX is now trading -0.62% lower at $87.94 as of 4:02 AM New York time. Time Warner shares have [From2] 0% in the past 200 days, while the Standard & Poor’s 500 index has gained 6.00% during the same time period.

According to data compiled by Thomson Reuters, Time Warner (NYSE:TWX)’s stock is covered by 32 equity analysts across the Street, with 0 analysts giving it a Sell rating, 29 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $85.5, which reflects an downside potential of 2.77% over the current price.

Institutional Ownership

Glade Brook Capital Partners Llc had the most significant stake with ownership of 253,415 shares as of q2 2015 for 8.48% of the fund portfolio. Junto Capital Management Lp is another bullish active investment manager who is owning 672,025 shares of Time Warner or 7.03% of their fund portfolio. Furthermore, Ibis Capital Partners Llp have 7% of their fund portfolio invested in the company for 236,857 shares. The Ohio-based fund Randolph Co Inc disclosed it had bought a stake worth about 6.52% of the active investment manager’s stock portfolio in Time Warner. The Massachusetts-based fund Sirios Capital Management L P is also positive about the stock, possessing 325,089 shares or 6.33% of their fund portfolio.

Time Warner (NYSE:TWX) Profile

Time Warner IncTime 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 premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution. It also holds interests in companies that operate broadcast networks.

Time Warner (NYSE:TWX) traded down -0.62% on 14 November, hitting $87.94. A total of 3.66M shares of the company’s stock traded hands. This is down from average of 10.45M shares. Time Warner has a 52 week low of $86.38 and a 52 week high of $103.9. The company has a market cap of $68.47B and a P/E ratio of 16.72.

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