Needham & Company Maintains a 'Hold' on Time Warner (TWX); Is TWX a Good Place to Hide?
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Price: $2.23 --0%
Rating Summary:
14 Buy, 24 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 24 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on Time Warner (NYSE: TWX).
Needham analyst says, "The debt crisis in Europe and brinkmanship over the debt ceiling in Washington DC, coupled with S&P’s US-debt downgrade, are generating volatility in markets and threatening to undermine consumer spending. Is TWX a good place to hide if markets become downwardly-sloping? Time Warner Inc is not one of the most defensive media stocks in our media coverage. Its unlevered beta is 1.3. Its levered beta is 1.7. Both of these numbers suggest greater downside risk than market averages in a declining tape. Finally, from a practical point of view, TWX has underperformed the S&P 500 during the past 3 periods of market disruption."
For more ratings news on Time Warner click here and for the rating history of Time Warner click here.
Shares of Time Warner closed at $30.60 yesterday.
Needham analyst says, "The debt crisis in Europe and brinkmanship over the debt ceiling in Washington DC, coupled with S&P’s US-debt downgrade, are generating volatility in markets and threatening to undermine consumer spending. Is TWX a good place to hide if markets become downwardly-sloping? Time Warner Inc is not one of the most defensive media stocks in our media coverage. Its unlevered beta is 1.3. Its levered beta is 1.7. Both of these numbers suggest greater downside risk than market averages in a declining tape. Finally, from a practical point of view, TWX has underperformed the S&P 500 during the past 3 periods of market disruption."
For more ratings news on Time Warner click here and for the rating history of Time Warner click here.
Shares of Time Warner closed at $30.60 yesterday.
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