tw telecom inc. Reaches New 12-Month High at $31.85 (TWTC)
tw telecom inc. (NASDAQ:TWTC)’s share price reached a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $31.85 and last traded at $31.84, with a volume of 449,179 shares traded. The stock had previously closed at $31.48.
TWTC has been the subject of a number of recent research reports. 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 research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $34.15.
tw telecom inc. has a one year low of $23.65 and a one year high of $30.70. The stock’s 50-day moving average is $29.26 and its 200-day moving average is $27.82. The company has a market cap of $4.641 billion and a P/E ratio of 69.96.
tw telecom inc. (NASDAQ:TWTC) last posted its quarterly earnings results 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. On average, analysts predict that tw telecom inc. will post $0.47 earnings per share 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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