tw telecom inc. Sets New 1-Year High at $31.12 (TWTC)
Shares of tw telecom inc. (NASDAQ:TWTC) hit a new 52-week high during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as high as $31.12 and last traded at $30.30, with a volume of 507,963 shares trading hands. The stock had previously closed at $29.69.
Several analysts have recently commented on the stock. Analysts at Gabelli downgraded shares of tw telecom inc. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Janco Partners initiated coverage on shares of tw telecom inc. in a research note to investors on Friday, September 6th. They set a “buy” rating and a $36.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of tw telecom inc. 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.15.
In other tw telecom inc. news, Director Spencer Hays sold 45,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $30.24, for a total value of $1,360,800.00. Following the transaction, the director now directly owns 73,244 shares in the company, valued at approximately $2,214,899. The sale was disclosed in a document filed with the SEC, which is available at this link.
tw telecom inc. has a 52-week low of $23.65 and a 52-week high of $30.70. The stock has a 50-day moving average of $29.52 and a 200-day moving average of $28.50. The company has a market cap of $4.425 billion and a price-to-earnings ratio of 65.98.
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 $0.48 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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