Cable & Wireless Communications Stock Rating Lowered by UBS AG (CWC)
Cable & Wireless Communications (LON:CWC) was downgraded by investment analysts at UBS AG to a “neutral” rating in a note issued to investors on Friday, AnalystRatingsNetwork reports.
Shares of Cable & Wireless Communications (LON:CWC) traded down 0.44% on Friday, hitting GBX 56.50. 8,154,031 shares of the company’s stock traded hands. Cable & Wireless Communications has a one year low of GBX 36.90 and a one year high of GBX 58.50. The stock’s 50-day moving average is GBX 51.66 and its 200-day moving average is GBX 44.31. The company’s market cap is £1.413 billion.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research raised their price target on shares of Cable & Wireless Communications from GBX 62 ($1.02) to GBX 68 ($1.12) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 46.88 ($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.
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