Cable & Wireless Communications Receives “Buy” Rating from Deutsche Bank (CWC)
Cable & Wireless Communications (LON:CWC)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Friday, Analyst Ratings Net reports. They currently have a GBX 57 ($0.91) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 33.02% from the company’s current price.
Cable & Wireless Communications (LON:CWC) traded up 2.19% during mid-day trading on Friday, hitting GBX 42.85. The stock had a trading volume of 7,873,375 shares. Cable & Wireless Communications has a 52 week low of GBX 34.21 and a 52 week high of GBX 46.53. The stock’s 50-day moving average is GBX 40.22 and its 200-day moving average is GBX 41.48. The company’s market cap is £1.070 billion.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Cable & Wireless Communications from GBX 45 ($0.72) to GBX 50 ($0.80) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Cable & Wireless Communications in a research note to investors on Tuesday. They now have a GBX 40 ($0.64) price target on the stock. Finally, analysts at AlphaValue reiterated a “buy” rating on shares of Cable & Wireless Communications in a research note to investors on Thursday, October 10th. They now have a GBX 55.50 ($0.89) price target on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 45.38 ($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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