AlphaValue Reiterates Buy Rating for Cable & Wireless Communications (CWC)
Cable & Wireless Communications (LON:CWC)‘s stock had its “buy” rating reaffirmed by analysts at AlphaValue in a research report issued to clients and investors on Thursday, AR Network reports. They currently have a GBX 55.50 ($0.89) price objective on the stock. AlphaValue’s target price indicates a potential upside of 35.70% from the stock’s previous close.
Shares of Cable & Wireless Communications (LON:CWC) traded up 1.59% on Thursday, hitting GBX 40.90. The stock had a trading volume of 5,653,151 shares. Cable & Wireless Communications has a one year low of GBX 34.21 and a one year high of GBX 46.53. The stock has a 50-day moving average of GBX 40.22 and a 200-day moving average of GBX 41.48. The company’s market cap is £1.021 billion.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated an “underperform” rating on shares of Cable & Wireless Communications in a research note to investors on Monday, September 30th. They now have a GBX 39 ($0.63) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Cable & Wireless Communications in a research note to investors on Monday, September 30th. They now have a GBX 43 ($0.69) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Cable & Wireless Communications in a research note to investors on Thursday, September 5th. They now have a GBX 57 ($0.91) price target on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 45.18 ($0.72).
Cable & Wireless Communications Plc is an international telecommunications service provider. It operates integrated telecommunications companies offering mobile, broadband, television (LON:CWC) and fixed line and enterprise services to residential and business customers.
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