Stock Update (NYSE:TWX): News reader company Flipboard buys rival Zite from CNN

Time Warner Inc (NYSE:TWX) [Reuters] – The deal is valued at $60 million, according to the CNN Money website. Time Warner Inc’s (NYS:TWX) CNN bought Zite, a news reader application that aggregates content for tablets like Apple Inc’s (AAPL.O) iPad in 2011, for around $20 million, according to reports at the time.
Read more on this.

Time Warner Inc. (TWX), with a current value of $61.07B, opened this morning at $67.09.
A quick look at the market, the company’s traded between $66.98 to $68.80 with the price of the stock fluctuating between $55.00 to $70.77 over the last 52 weeks.
Priced at 17.04x this year’s forecasted earnings, TWX shares are relatively expensive compared to the industry’s 6.17x forward p/e ratio.
And for dividend hunters, the company pays shareholders $1.27 per share annually in dividends, yielding 1.90%.
In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.87 per share, which would be $0.11 better than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.93 is a $0.16 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.66 Billion. If realized, that would be a 4.03% decrease over the year-ago quarter.
Recently, FBR Capital Initiated TWX at Outperform (Oct 25, 2013). Previously, Argus upgraded TWX from Hold to Buy.
The average price target for TWX shares is $74.39, which is 10.88% above where the stock opened this morning.
Time Warner Inc (NYSE:TWX), operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment and Publishing.
Tag Helper ~ Stock Code: TWX | Common Company name: Time Warner | Full Company name: Time Warner Inc (NYSE:TWX) .

Share the News | facebooktwittergoogle_plusredditlinkedin |

NYSE, NASDAQ, Market Data, Earnings Estimates, Analyst Ratings and Key Statistics provided via Yahoo Finance, unless otherwise specified. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Jutia Group will not be liable for any errors, incompleteness or delays, or for any actions taken in reliance on the data displayed herein.

Related Articles

Click for a Random Article: [This Month] | [This Year] | [All Time]

Comments are closed.