Time Inc. Common Stock (NYSE:TIME).
On May 19 the company was upgraded to “Outperform” from “Neutral” by analysts at Macquarie. On February 12, 2016 the stock rating was changed to a “Buy” according to a Gabelli & Co report a boost from the previous “Hold” rating.
February 12 investment analysts at FBR Capital kept the stock rating at “Outperform” and lowered the price expectation to $15.00 from $20.00. On February 4 Citigroup left the stock rating at “Buy” but lowered the price target from $28.00 to $26.00.
On November 6 the stock rating was downgraded from “” to “Market Perform” in an announcement from Wells Fargo.
The company is so far trading down by -1.82 percent from yesterday’s close. The company also recently declared a dividend that was paid on Thu Sep 15, 2016. The dividend payment was $0.190 per share for the quarter which is $0.76 annualized. The dividend yield was $5.06. The ex-dividend date was set for Monday the 29th of August 2016.
The stock last traded at $14.55 slightly over $14.39, the 50 day moving average and slightly below the 200 day moving average of $15.31. The 50 day moving average was up by +1.31% and the 200 day average was down $-0.73.
In the last earnings report the EPS was $-8.76 and is estimated to be $1.24 for the current year with 100,100,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.83 with next year’s EPS projected to be $1.55.