Are Analysts Bullish Time Inc. (NYSE:TIME) After Last Week?

January 5, 2018 - By Nellie Frank

 Are Analysts Bullish Time Inc. (NYSE:TIME) After Last Week?

Time Inc. (NYSE:TIME) Ratings Coverage

Among 8 analysts covering Time (NYSE:TIME), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Time had 15 analyst reports since November 5, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, November 5 by FBR Capital. Wells Fargo downgraded Time Inc. (NYSE:TIME) on Friday, April 28 to “Market Perform” rating. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, November 6 report. The stock of Time Inc. (NYSE:TIME) earned “Neutral” rating by Citigroup on Monday, December 4. The firm earned “Buy” rating on Tuesday, August 9 by Citigroup. The company was upgraded on Monday, March 20 by Stephens. FBR Capital maintained Time Inc. (NYSE:TIME) on Friday, February 12 with “Outperform” rating. The rating was maintained by Morgan Stanley on Monday, October 23 with “Equal-Weight”. The stock of Time Inc. (NYSE:TIME) earned “Buy” rating by Gabelli on Friday, February 12. As per Friday, November 17, the company rating was downgraded by Gabelli. Below is a list of Time Inc. (NYSE:TIME) latest ratings and price target changes.

04/12/2017 Broker: Citigroup Old Rating: Buy New Rating: Neutral Downgrade
28/11/2017 Broker: Gabelli Old Rating: Buy New Rating: Sell New Target: $20.00 Downgrade
17/11/2017 Broker: Gabelli Old Rating: Buy New Rating: Hold Downgrade
17/11/2017 Broker: Evercore Rating: Outperform New Target: $7.00 Initiate
23/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $14 New Target: $13 Maintain

It closed at $18.55 lastly. It is down 15.24% since January 5, 2017 and is downtrending. It has underperformed by 31.94% the S&P500.

Time Inc., together with its subsidiaries, operates as a multi-platform media and content firm the United States, the United Kingdom, and internationally. The company has market cap of $1.85 billion. It publishes approximately 75 magazine titles under the People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure, and Essence brands. It currently has negative earnings. The firm also provides content marketing and advertising services; digital products, such as programmatic offerings and custom display advertising on local and national Websites; print products, including customized geographic and demographic-targeted advertising programs in U.S. magazines; and cover wraps and other add-ons to magazines, allowing advertisers to distribute direct marketing messages to specific locations, such as medical offices.

More recent Time Inc. (NYSE:TIME) news were published by: Thewrap.com which released: “Josh Oshinsky Elevated to EP, Time Inc. Sports Video and VP Programming …” on January 05, 2018. Also Cnbc.com published the news titled: “Time exec says Meredith merger boosts the company’s chances against ‘tech …” on December 07, 2017. Nypost.com‘s news article titled: “Banking mogul buys Time Inc.’s Golf magazine” with publication date: December 13, 2017 was also an interesting one.

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