BMO Capital Reiterates Their Hold Rating on Time Warner Inc

By Austin Angelo

In a report released today, Daniel Salmon from BMO Capital reiterated a Hold rating on Time Warner Inc (NYSE: TWX), with a price target of $108. The company’s shares opened today at $97.02, close to its 52-week high of $100.60.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 11.5% and a 73.6% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Alliance Data Systems, and Publicis Groupe SA.

Currently, the analyst consensus on Time Warner Inc is Moderate Buy and the average price target is $107.17, representing a 10.5% upside.

In a report issued on May 11, RBC Capital also reiterated a Hold rating on the stock with a $108 price target.

Time Warner Inc’s market cap is currently $75.18B and has a P/E ratio of 18.57. The company has a book value ratio of 2.9570.

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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. The Home Box Office segment consists of businesses managed by Home Box Office, Inc. The Warner Bros segment produces and distributes television shows, feature films, and videogames. The company was founded on January 10, 1990 and is headquartered in New York, NY.