tw telecom inc. Given Buy Rating at Jefferies Group (TWTC)
tw telecom inc. (NASDAQ:TWTC)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Wednesday, American Banking News reports. They currently have a $35.00 price target on the stock, up from their previous price target of $30.00. Jefferies Group’s price target would indicate a potential upside of 22.72% from the company’s current price.
The analysts wrote, “TWTC reported stronger top-line growth than our/cons estimates, while M-EBITDA came in modestly lower than our/cons expectations. TWTC continues to invest in developing differentiating value-added services that expand the total addressable market and in strengthening the sales effort, which we believe should enable it to re-accelerate top line growth and expand margins in 2014. We maintain Buy rating; PT to $35.”
TWTC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity raised their price target on shares of tw telecom inc. from $24.00 to $27.00 in a research note to investors on Friday, August 9th. They now have a “hold” rating on the stock. Separately, analysts at DA Davidson downgraded shares of tw telecom inc. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They now have a $33.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Deutsche Bank downgraded shares of tw telecom inc. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 17th. They now have a GBX 29 ($0.45) price target on the stock. They noted that the move was a valuation call.
One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.00.
Shares of tw telecom inc. (NASDAQ:TWTC) traded up 0.46% on Wednesday, hitting $28.52. The stock had a trading volume of 863,686 shares. tw telecom inc. has a 1-year low of $23.65 and a 1-year high of $30.70. The stock has a 50-day moving average of $29.52 and a 200-day moving average of $27.55. The company has a market cap of $4.154 billion and a P/E ratio of 63.09.
tw telecom inc. (NASDAQ:TWTC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $389.50 million for the quarter, compared to the consensus estimate of $385.86 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that tw telecom inc. will post $0.47 earnings per share for the current fiscal year.
In other tw telecom inc. news, CAO Jill Stuart sold 25,000 shares of the company’s stock in a transaction that occured on Wednesday, August 14th. The shares were sold at an average price of $29.45, for a total transaction of $736,250.00. Following the sale, the chief accounting officer now directly owns 191,693 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.
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