Cable & Wireless Communications Price Target Increased to GBX 68 by Analysts at Espirito Santo Investment Bank Research (CWC)
Equities researchers at Espirito Santo Investment Bank Research raised their target price on shares of Cable & Wireless Communications (LON:CWC) from GBX 62 ($1.02) to GBX 68 ($1.12) in a research report issued on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Espirito Santo Investment Bank Research’s price target suggests a potential upside of 19.61% from the company’s current price.
Cable & Wireless Communications (LON:CWC) traded up 0.98% during mid-day trading on Tuesday, hitting GBX 56.85. The stock had a trading volume of 10,300,908 shares. Cable & Wireless Communications has a 52-week low of GBX 36.00 and a 52-week high of GBX 58.50. The stock has a 50-day moving average of GBX 51.00 and a 200-day moving average of GBX 44.05. The company’s market cap is £1.422 billion.
A number of other analysts have also recently weighed in on CWC. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Cable & Wireless Communications in a research note to investors on Wednesday, December 11th. They now have a GBX 57 ($0.93) price target on the stock. Separately, analysts at BNP Paribas reiterated an “underperform” rating on shares of Cable & Wireless Communications in a research note to investors on Friday, December 6th. They now have a GBX 39 ($0.64) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cable & Wireless Communications in a research note to investors on Tuesday, December 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Cable & Wireless Communications currently has a consensus rating of “Hold” and an average price target of GBX 46.89 ($0.77).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.