Tuesday, 21 November, 2017

Time Warner Q3 Profit Declines, But Results Beat View; Reiterates FY17 Outlook

AT&T extends Time Warner merger deadline Financial Watchlist of Time Warner Inc. (NYSE:TWX)
Lucas Bell | 27 October, 2017, 00:55

Shares have moved $-3.59 over the past month and more recently, $-2.72 over the past week heading into the earnings announcement. However, the institutional investors are observed to own 80.90% of the total shares.

Revenues rose 6% to $7.6 billion. (NYSE:TWX) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. Institutional investors and hedge funds own 79.16% of the company's stock.

Wall Street analysts on the sell-side are anticipating that Time Warner Inc. It also reduced its holding in Scripps Networks Interact In (NYSE:SNI) by 59,100 shares in the quarter, leaving it with 4,000 shares, and cut its stake in Paypal Hldgs Inc.

Several equities analysts recently commented on TWX shares. Sterling Capital Management Limited Liability owns 0.63% invested in Time Warner Inc (NYSE:TWX) for 652,386 shares. The stock has "Market Perform" rating by Bernstein on Monday, April 4. Finally, Evercore ISI cut Time Warner from an "outperform" rating to an "in-line" rating and set a $108.00 price target on the stock.in a report on Monday, August 7th. The stock of Time Warner Inc (NYSE:TWX) has "Neutral" rating given on Thursday, November 5 by Bank of America. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company.

For short-term or active investment approach moving average with a short time frame will react much quicker to price changes interpretation.

Among 38 analysts covering Time Warner Inc.

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Time Warner (NYSE TWX) traded up 0.491% during mid-day trading on Thursday, reaching $99.205. HBO, the New York-based media group's premium video service, was a profit driver with the return of hugely popular shows such as "Game of Thrones". The firm has a market capitalization of $77.03 billion, a PE ratio of 18.37 and a beta of 1.02. In looking the SMA 50 we see that the stock has seen a -8.95% while it has a distance of 0.62% from the 200 days simple moving average. Time Warner has a 52-week low of $83.31 and a 52-week high of $103.90.

25 analysts on average are expecting Time Warner Inc.to report earnings of $1.51 per share for the current quarter.

Media and entertainment company Time Warner Inc. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The prior-year period's results were helped by a tax benefit. Zacks Investment Research cut shares of Time Warner from a "hold" rating to a "sell" rating in a report on Tuesday, October 17th.

The letter, which was also signed by Consumer Federation of America, Writers Guild of America - West, Americans for Limited Government, American Family Association and Frontiers of Freedom - notes that AT&T's recent acquisition of DirecTV left the company as the third largest broadband provider. Another trade for 10,815 shares valued at $910,212 was made by Lalor Angela S on Tuesday, May 23. The stock's quarterly performance represents optimistic momentum of 1.22 percent. Reports Third-Quarter 2017 Results" with publication date: "October 26, 2017. Combining that clout with Time Warner, which owns HBO, CNN and the movie studio Warner Brothers, would make AT&T even more powerful, the seven groups warned.

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"While the undersigned groups' opinions diverge significantly on many policy issues, we are united in our desire to ensure that free expression is not threatened by an increasingly limited number of companies that dominate USA media", the groups said in the letter. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and global premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

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