Stock Traders Buy High Volume of Time Warner Cable Call Options (TWC)
Time Warner Cable (NYSE:TWC) was the recipient of some unusual options trading activity on Monday. Investors acquired 8,062 call options on the stock, Stock Ratings News reports. This represents an increase of approximately 125% compared to the average volume of 3,585 call options.
A number of analysts have recently weighed in on TWC shares. Analysts at Wunderlich raised their price target on shares of Time Warner Cable from $113.00 to $124.00 in a research note to investors on Tuesday, October 8th. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Thirteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $112.46.
Time Warner Cable (NYSE:TWC) traded down 0.96% on Monday, hitting $114.68. 2,058,640 shares of the company’s stock traded hands. Time Warner Cable has a 52-week low of $84.57 and a 52-week high of $120.93. The stock has a 50-day moving average of $111.1 and a 200-day moving average of $104.9. The company has a market cap of $32.773 billion and a price-to-earnings ratio of 15.86.
Time Warner Cable (NYSE:TWC) last released its earnings data on Thursday, August 1st. The company reported $1.69 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $6.46 earnings per share for the current fiscal year.
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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