Cable & Wireless Communications Receives “Buy” Rating from Deutsche Bank (CWC)
Cable & Wireless Communications (LON:CWC)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday, AnalystRatingsNetwork reports. They currently have a GBX 57 ($0.94) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 5.36% from the stock’s previous close.
Cable & Wireless Communications (LON:CWC) traded up 2.14% during mid-day trading on Wednesday, hitting GBX 54.90. The stock had a trading volume of 4,017,151 shares. Cable & Wireless Communications has a 52-week low of GBX 37.94 and a 52-week high of GBX 58.50. The stock’s 50-day moving average is GBX 54.86 and its 200-day moving average is GBX 46.31. The company’s market cap is £1.373 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Cable & Wireless Communications in a research note on Tuesday. They now have a GBX 48 ($0.79) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Cable & Wireless Communications in a research note on Thursday, January 23rd. They now have a GBX 43 ($0.71) price target on the stock. Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Cable & Wireless Communications in a research note on Wednesday, January 22nd. They now have a GBX 68 ($1.12) price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 47.54 ($0.78).
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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