Time Warner Cable Now Covered by Topeka Capital Markets (TWC)
Stock analysts at Topeka Capital Markets started coverage on shares of Time Warner Cable (NYSE:TWC) in a report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
In other Time Warner Cable news, Director Glenn Britt unloaded 30,000 shares of the stock on the open market in a transaction dated Thursday, January 16th. The shares were sold at an average price of $135.03, for a total value of $4,050,900.00. Following the completion of the sale, the director now directly owns 158,947 shares of the company’s stock, valued at approximately $21,462,613. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on TWC. Analysts at Needham & Company downgraded shares of Time Warner Cable from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $135.00 price target on the stock, up previously from $132.50. They noted that the move was a valuation call. Separately, analysts at Nomura downgraded shares of Time Warner Cable from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, January 15th. They now have a $125.00 price target on the stock. Finally, 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, January 14th. They now have a “buy” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Time Warner Cable currently has an average rating of “Hold” and a consensus price target of $127.26.
Shares of Time Warner Cable (NYSE:TWC) traded down 0.63% on Friday, hitting $133.70. The stock had a trading volume of 2,782,241 shares. Time Warner Cable has a 52-week low of $84.57 and a 52-week high of $139.85. The stock has a 50-day moving average of $133.4 and a 200-day moving average of $120.2. The company has a market cap of $37.689 billion and a price-to-earnings ratio of 20.73.
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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