MKM Partners Has Just Reaffirmed $84 Target Price Per Share on Time Warner (NYSE:TWX) stock, While They’ve Also Reiterated Their Buy Rating

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Time Warner (NYSE:TWX) Rating Reaffirmed

New York: In analysts note published on Friday, 27 November, MKM Partners kept steady their Buy rating on Time Warner (NYSE:TWX) shares. They now have a $84 target price per share on the firm. MKM Partners’s target would now indicate a potential upside of 20.38% from the company’s previous close.

From a total of 18 analysts covering Time Warner Inc. (NYSE:TWX) stock, 15 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $200 while the lowest target price is $77. The mean of all analyst targets is $93.83 with a 34.39% above today’s ($69.82) stock price. Time Warner Inc. was the topic of 35 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 27 with “Buy” rating. FBR Capital maintained shares with “Outperform” rating and $79 target share price in a report from a November 5. Barrington Research maintained TWX stock in a recent report from November 6 with “Outperform” rating. RBC Capital Markets maintained the rating on November 5. RBC Capital Markets has a “Outperform” rating and a $87 price target on shares. Finally, Credit Agricole downgraded the stock to “Outperform” rating in a report issued on a November 5.

The stock decreased 0.68% or $0.48 on November 27, striking $69.82. Approximately 1.84 million shares of stock traded hands. Time Warner Inc (NYSE:TWX) has declined 17.67% since April 27, 2015 and is downtrending. It has underperformed by 16.78% the S&P500.

Time Warner Inc. is a media and entertainment company. The company has a market cap of $56.20 billion. The Firm operates in three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. It has 15.95 P/E ratio. Turner operates over 165 channels globally.

According to Zacks Investment Research, “Time Warner Inc. is the world’s leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music.” Get a free copy of the Zacks research report on Time Warner Inc (TWX)

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