tw telecom inc. Downgraded by Gabelli to “Hold” (TWTC)
tw telecom inc. (NASDAQ:TWTC) was downgraded by investment analysts at Gabelli from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TWTC. Analysts at Janco Partners initiated coverage on shares of tw telecom inc. (NASDAQ:TWTC) in a research note to investors on Friday, September 6th. They set a “buy” rating and a $36.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of tw telecom inc. (NASDAQ:TWTC) in a research note to investors on Wednesday, August 21st. They now have a $35.00 price target on the stock, up previously from $30.00. Finally, analysts at Canaccord Genuity raised their price target on shares of tw telecom inc. (NASDAQ:TWTC) 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.
One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $34.15.
tw telecom inc. (NASDAQ:TWTC) traded down 0.25% during mid-day trading on Wednesday, hitting $29.45. 83,257 shares of the company’s stock traded hands. tw telecom inc. has a 1-year low of $23.65 and a 1-year high of $30.70. The stock’s 50-day moving average is $29.26 and its 200-day moving average is $27.7. The company has a market cap of $4.290 billion and a P/E ratio of 65.61.
tw telecom inc. (NASDAQ:TWTC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that tw telecom inc. will post $0.47 EPS for the current fiscal year.
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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