Time Warner has wrapped its earnings last week which fell 10.3 percent. The media company started Wednesday morning with dismal revenues and then joined what appeared to be a sell-off of other revenue-reporting media companies.

The firm was given price target cuts in kind by a number of analysts. One of them, Wedbush, slashed the price target of Time Warner Cable around $82, while Barrington Research kept its Outperform rating and reduced its price target to $78.

Jeffries, on the other hand, slashed its price target further down to $75, after a 'sluggish' quarter. However, it kept its Buy rating.

The current share price of Time Warner is being traded at $62.19, indicating a rise of 21 to 32 percent in the said targets from Friday's price.

A report came in yesterday indicating that the thirty-four rating firms that are covering Time Warner Inc. have given the giant media company a consensus rating of "Buy."

Twenty-five of the rating firms gave Time Warner a Buy rating, while six has given it a Hold rating and another two have issued the company a strong Buy rating. The brokers who have issued a report on the company's stock last year have given it an average one year price objective of $84.41.

There are also a number of hedge funds which have changed their positions regarding Time Warner Cable. One of them is PGGM Investments which purchased a new stake in the company's shares worth $34,476,000 during the fourth quarter.

Another investor, Janus Capital Management bought additional shares increasing their portfolio by 16 percent during the third quarter.

Janus is now the owner of 2,380,816 Time Warner Inc shares. This is worth around $163,681,000 when it purchased 327,877 additional shares during the last quarter.

Another investment firm, British Columbia Investment Management Corp also increased its stake in the giant media company by 29.8 percent during the fourth quarter.