Time Warner Cable Given New $124.00 Price Target at Wunderlich (TWC)
Analysts at Wunderlich increased their price objective on shares of Time Warner Cable (NYSE:TWC) from $113.00 to $124.00 in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Wunderlich’s target price suggests a potential upside of 11.69% from the company’s current price.
Shares of Time Warner Cable (NYSE:TWC) opened at 111.02 on Tuesday. Time Warner Cable has a one year low of $84.57 and a one year high of $120.93. The stock has a 50-day moving average of $110.6 and a 200-day moving average of $104.5. The company has a market cap of $31.728 billion and a P/E ratio of 15.21.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.65 by $0.04. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.58 billion. During the same quarter last year, the company posted $1.48 earnings per share. Time Warner Cable’s revenue was up 2.7% compared to the same quarter last year.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note to investors on Thursday, September 5th. They now have a $115.00 price target on the stock. Separately, analysts at Guggenheim set a $111.00 price target on shares of Time Warner Cable in a research note to investors on Friday, August 23rd. Finally, analysts at Telsey Advisory Group cut their price target on shares of Time Warner Cable from $135.00 to $130.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock. Fourteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $112.28.
Time Warner Cable Inc (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.
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