BMO Capital Sticks to Its Hold Rating for Time Warner Inc

By Ryan Adsit

In a report issued on September 11, 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 $101, close to its 52-week high of $103.34.

According to TipRanks.com, Salmon is a 5-star analyst with an average return of 12.6% and a 67.1% success rate. Salmon covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Publicis Groupe SA, and Factset Research.

Currently, the analyst consensus on Time Warner Inc is Hold and the average price target is $107.21, representing a 6.1% upside.

In a report issued on September 7, Jefferies also reiterated a Hold rating on the stock with a $105 price target.

Time Warner Inc’s market cap is currently $78.48B and has a P/E ratio of 18.81. The company has a book value ratio of 3.0199.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TWX in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.