Media and entertainment giant Time Warner Inc. (
) saw its earnings estimates raised on Thursday by analysts at
The firm said it boosted its estimates for TWX through 2012,
noting that its Media unit should drive near-term earnings growth.
Morgan Stanley currently rates the stock as "Equal-weight" with a
$37 price target.
That target represents a potential 22% upside to TWX's Wednesday
closing price of $30.44. Time Warner shares were mostly flat in
premarket trading Thursday.
The Bottom Line
Shares of TWX have a dividend yield of 2.79%, based on last night's
closing stock price of $30.44. The stock has technical support in
the $27 price area. If the shares can firm up, we see overhead
resistance around the $33 price level. We would remain on the
sidelines for now.
Time Warner Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here