Time Warner Stock Hits New 52-Week High (TWX)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Wednesday as it is currently trading at $39.16, above its previous 52-week high of $38.62 with 3.1 million shares traded as of 10:05 a.m. ET. Average volume has been 6.8 million shares over the past 30 days.
Time Warner has a market cap of $37.6 billion and is part of the
sector and
industry. Shares are up 5.4% year to date as of the close of trading on Tuesday.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates in three segments: Networks, Filmed Entertainment, and Publishing. The company has a P/E ratio of 14.4, above the average media industry P/E ratio of 14.2 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Time Warner as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
.
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