Share on StockTwits

Cable and Wireless Communications Plc (LON:CWC)‘s stock had its “reduce” rating restated by equities research analysts at Nomura in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 44 ($0.74) price target on the stock. Nomura’s price objective suggests a potential downside of 15.95% from the stock’s previous close.

A number of other firms have also recently commented on CWC. Analysts at Barclays reiterated an “equal weight” rating on shares of Cable and Wireless Communications Plc in a research note on Wednesday, April 16th. They now have a GBX 43 ($0.72) price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Cable and Wireless Communications Plc to a “sell” rating in a research note on Tuesday, February 25th. They now have a GBX 50 ($0.84) price target on the stock, up previously from GBX 43 ($0.72). Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cable and Wireless Communications Plc in a research note on Wednesday, February 12th. They now have a GBX 50 ($0.84) price target on the stock. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 48.04 ($0.81).

Cable and Wireless Communications Plc (LON:CWC) traded up 0.58% on Tuesday, hitting GBX 52.35. 2,664,867 shares of the company’s stock traded hands. Cable and Wireless Communications Plc has a one year low of GBX 37.94 and a one year high of GBX 58.50. The stock has a 50-day moving average of GBX 52.13 and a 200-day moving average of GBX 50.76. The company’s market cap is £1.309 billion.

Cable & Wireless Communications Plc is an international telecommunications service provider. It operates integrated telecommunications companies offering mobile, broadband, television (LON:CWC), fixed line and enterprise services to residential and business customers.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.