Time Warner Cable Receives New Coverage from Analysts at Nomura (TWC)
Research analysts at Nomura began coverage on shares of Time Warner Cable (NYSE:TWC) in a report released on Wednesday, American Banking and Market News reports. The firm set a “neutral” rating on the stock.
A number of other firms have also recently commented on TWC. Analysts at Wunderlich raised their price target on shares of Time Warner Cable from $124.00 to $132.50 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Thirteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $127.38.
In other Time Warner Cable news, Director Glenn Britt sold 10,300 shares of Time Warner Cable stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.00, for a total transaction of $1,390,500.00. Following the transaction, the director now directly owns 158,947 shares in the company, valued at approximately $21,457,845. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Time Warner Cable (NYSE:TWC) traded down 0.43% during mid-day trading on Wednesday, hitting $135.41. 1,360,167 shares of the company’s stock traded hands. 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 $133.5 and a 200-day moving average of $119.. The company has a market cap of $38.171 billion and a price-to-earnings ratio of 20.95.
Time Warner Cable (NYSE:TWC) last posted its quarterly earnings results 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 last year, the company posted $1.41 earnings per share. Time Warner Cable’s revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that Time Warner Cable will post $6.54 earnings per share for the current fiscal year.
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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