Time Warner Cable Receives New Coverage from Analysts at Telsey Advisory Group (TWC)
Equities researchers at Telsey Advisory Group assumed coverage on shares of Time Warner Cable (NYSE:TWC) in a research report issued on Tuesday, Stock Ratings Network.com reports. The firm set a “not rated” rating and a $158.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 15.67% from the stock’s previous close.
In other Time Warner Cable news, Director Glenn Britt sold 30,000 shares of Time Warner Cable stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $135.25, for a total transaction of $4,057,500.00. Following the completion of the transaction, the director now directly owns 177,542 shares of the company’s stock, valued at approximately $24,012,556. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Time Warner Cable (NYSE:TWC) opened at 136.60 on Tuesday. Time Warner Cable has a 52-week low of $89.81 and a 52-week high of $147.28. The stock’s 50-day moving average is $137.4 and its 200-day moving average is $131.4. The company has a market cap of $37.900 billion and a P/E ratio of 20.39.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Friday, January 31st. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.09. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.56 billion. Analysts expect that Time Warner Cable will post $7.64 EPS for the current fiscal year.
A number of other firms have also recently commented on TWC. Analysts at UBS AG upgraded shares of Time Warner Cable from a “sell” rating to a “hold” rating in a research note on Monday. Separately, analysts at Brean Capital upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $165.00 price target on the stock, up previously from $60.00. Finally, analysts at Wells Fargo & Co. upgraded shares of Time Warner Cable from a “market perform” rating to an “outperform” rating in a research note on Wednesday, April 16th. They now have a $160.00 price target on the stock, up previously from $132.50. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $143.26.
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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