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Analysts at DA Davidson raised their price objective on shares of tw telecom inc. (NASDAQ:TWTC) from $35.00 to $40.00 in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target suggests a potential upside of 31.28% from the company’s current price.

The analysts wrote, “Despite higher capex in 2014, we still expect TWTC to generate $50-$60 million in free cash flow in 2014 and over $150 million of FCF in 2015,” the report said. “TWTC bought back $50 million of stock during Q3 on its newly announced $500 million share repurchase program, and with over $500 million of cash on the balance sheet, we expect TWTC to continue to buy back its shares opportunistically.”

Shares of tw telecom inc. (NASDAQ:TWTC) traded down 0.89% during mid-day trading on Thursday, hitting $30.20. The stock had a trading volume of 71,171 shares. tw telecom inc. has a 52-week low of $24.16 and a 52-week high of $31.89. The stock has a 50-day moving average of $29.09 and a 200-day moving average of $29.52. The company has a market cap of $4.351 billion and a P/E ratio of 121.39.

tw telecom inc. (NASDAQ:TWTC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $393.19 million for the quarter, compared to the consensus estimate of $392.73 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that tw telecom inc. will post $0.30 EPS for the current fiscal year.

TWTC has been the subject of a number of other recent research reports. Analysts at Drexel Hamilton initiated coverage on shares of tw telecom inc. in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of tw telecom inc. in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of tw telecom inc. from $30.00 to $32.00 in a research note to investors on Monday, November 11th. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.91.

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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