3. As of noon trading, Time Warner ( TWX) is down $0.55 (-0.9%) to $60.97 on average volume Thus far, 2.7 million shares of Time Warner exchanged hands as compared to its average daily volume of 6.9 million shares. The stock has ranged in price between $60.86-$61.73 after having opened the day at $61.39 as compared to the previous trading day's close of $61.52.

Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing. Time Warner has a market cap of $56.5 billion and is part of the media industry. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 28.6% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates Time Warner as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Time Warner Ratings Report now.

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