Time Warner Cable Given New $132.50 Price Target at Wunderlich (TWC)
Equities research analysts at Wunderlich raised their price target on shares of Time Warner Cable (NYSE:TWC) from $124.00 to $132.50 in a research note issued to investors on Tuesday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective would indicate a potential upside of 0.08% from the company’s current price.
Time Warner Cable (NYSE:TWC) opened at 132.40 on Tuesday. Time Warner Cable has a one year low of $84.57 and a one year high of $139.85. The stock has a 50-day moving average of $133.4 and a 200-day moving average of $119.1. The company has a market cap of $37.322 billion and a price-to-earnings ratio of 20.55.
Time Warner Cable (NYSE:TWC) last released its earnings data on Thursday, October 31st. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.05. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts expect that Time Warner Cable will post $6.54 EPS for the current fiscal year.
In other Time Warner Cable news, Director Glenn Britt sold 10,300 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $135.00, for a total transaction of $1,390,500.00. Following the completion of the sale, the director now directly owns 158,947 shares of the company’s stock, valued at approximately $21,457,845. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on TWC. Analysts at Buckingham Research initiated coverage on shares of Time Warner Cable in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Time Warner Cable in a research note to investors on Thursday, December 19th. They set a “hold” rating and a $145.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note to investors on Tuesday, December 17th. They now have a $139.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Time Warner Cable presently has a consensus rating of “Buy” and an average price target of $127.26.
Time Warner Cable Inc (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.
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