Time Warner

Credit Suisse is out with its report today on Time Warner (NYSE: TWX), raising its price target from $35 to $40. In a note to clients, Credit Suisse writes, "TWX reported better than expected 4Q10 results. Adj. EPS of $0.67 vs. $0.55 was ahead of our $0.61 est. and adjusted EBIT of $1.4 billion (+...

Wunderlich Securities has raised the price target on Time Warner (NYSE: TWX) from $30 to $42 and maintains its Buy rating.

This afternoon, UBS' Aryeh Bourkoff dropped by CNBC to discuss the future of media corporations. “The real fundamental,” he said, “is around media and technology companies to create better growth stocks.” Right now, he cited Netflix (NASDAQ: NFLX) as being one of the few companies that relies...

In addition to favorable sector trends (advantaged broadband pipe, competition stabilized, large SME opportunity, moderating capital intensity, easing regulatory concerns), Time Warner Cable, Inc. (NYSE: TWC) has managed costs well, maintaining margins through the recession, despite being early in...

Time Warner Inc. (NYSE: TWX) reported in-line 3Q10 results, with total revenue up 2% y/y to $6.4 billion, matching consensus, driven by a 9% y/y increase in total advertising revenues, Benchmark reports. “Adjusted OIBDA grew of 3% y/y to $1.6 billion, but included a $58 million reserve reversal,...

Citigroup has published a research report on Time Warner, Inc. (NYSE: TWX) after the company reported a strong quarter and raises guidance, once again. In the report, Citigroup writes "Revenues of $6.38 billion (+1.8%) were in-line with our estimate. Results were also in line with consensus. All...

Collins Stewart reports that Time Warner, Inc.'s (NYSE: TWX) 3Q10 revenue grew 1.8% y/y to $6.38bn, “vs. our est. of $6.43bn and CON est of $6.41.” Revenue was driven largely by better than expected Cable Network revenue, Collins Stewart says, as sub and adv revenue within the segment increased 9%...

Deutsche Bank has published a research report on the Entertainment industry following 3Q results from the following companies: Walt Disney Company (NYSE: DIS),$34.97 Buy Liberty Starz (NASDAQ: LSTZA),$67.52 Buy Time Warner (NYSE: TWX),$31.52 Buy Viacom Inc. (NYSE: VIAb),$37.18 Buy In the report,...

Goldman Sachs published a research report for Entertainment Investors, giving quotes from chief staff of Viacom (NYSE: VIA.B), Time Warner (NYSE: TWX), News Corp. (NASDAQ: NWSA), and Disney (NYSE: DIS). Quotes are as follows: Viacom – Philippe Dauman, CEO “But when you look at the severity of the...

Deutsche Bank believes the entertainment sector is inexpensive at 6.3x EV/2011E EBITDA, well below the 9x average during the mid-90's, according to Deutsche Bank. Deutsche Bank reports that "threats are overstated as (1) many networks added significantly to their upfronts last August/September, and...

Jeff Bewkes, the Chief Executive of Time Warner Inc., (NYSE: TWX) said that current trends will likely lead to increasing revenue for Warner Bros. Television. Bewkes gave the NBC (NYSE: GE) decision to replace Jay Leno at 10 PM with scripted programming as an example of one of the trends that will...

Although Metro-Goldwyn-Mayer has received takeover bids from several investors, the company may have to arrange a "prepackaged" bankruptcy in order to appease its creditors. MGM is currently owned by a group of investors including Sony (NYSE: SNE), Comcast and Providence Equity Partners. The film...