Impact of Brokerage Rating on Time Inc.(TIME)

Many Time Inc.(TIME) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Time Inc was Upgraded by Wells Fargo to Outperform on Jan 10, 2017.

Company has reported several Insider transactions to the SEC, on Nov 8, 2016, John M Jr Fahey (director) purchased 1,000 shares at 12.62 per share price.On Nov 7, 2016, Gregory Giangrande (EVP,CHRO&Chief Commns Officer) sold 1,330 shares at 12.62 per share price.On May 10, 2016, David Arthur Bell (director) purchased 5,000 shares at 15.06 per share price.

Time Inc Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.30. The company had revenue of $750.00 million for the quarter, compared to analysts expectations of $771.38 million. The companys revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

Time Inc. (NYSE:TIME) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.5 by 4 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold.

Time Inc. (NYSE:TIME) should head towards $16.5 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $16 per share. The higher price estimate target is at $17 according to the Analysts.

Time Inc. (NYSE:TIME) rose 0.26% or 0.05 points on Tuesday and made its way into the gainers of the day. After trading began at $19.1 the stock was seen hitting $19.4 as a peak level and $18.8 as the lowest level. The stock ended up at $19.25. The daily volume was measured at 819,057 shares. The 52-week high of the share price is $20.4 and the 52-week low is $12.5. The company has a market cap of $1,907 million.

Time Inc. is a branded media company. It publishes magazines in the United States, the United Kingdom, and internationally. Time also provides content marketing services; targeted local print and digital advertising programs; branded book publishing; and marketing and support services, such as magazine subscription sales services, retail distribution and marketing services, and customer service and fulfilment services to other third-party clients, including other magazine publishers. The Companys brands includes Time, People, Sports Illustrated, InStyle, Real Simple, Travel + Leisure, Food & Wine, and Wallpaper. Time Inc. is headquartered in New York.


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