Cable and Wireless Communications Plc Upgraded to “Buy” by Goldman Sachs (CWC)
Cable and Wireless Communications Plc (LON:CWC) was upgraded by stock analysts at Goldman Sachs to a “buy” rating in a report issued on Tuesday, Analyst Ratings Net reports. The firm currently has a GBX 68 ($1.14) price target on the stock, up from their previous price target of GBX 50 ($0.84). Goldman Sachs’ price objective would indicate a potential upside of 27.34% from the stock’s previous close.
Cable and Wireless Communications Plc (LON:CWC) traded up 3.69% during mid-day trading on Tuesday, hitting GBX 53.40. 8,079,451 shares of the company’s stock traded hands. Cable and Wireless Communications Plc 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 52.04 and its 200-day moving average is GBX 51.19. The company’s market cap is £1.335 billion.
Several other analysts have also recently commented on the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Cable and Wireless Communications Plc in a research note on Friday. They now have a GBX 68 ($1.14) price target on the stock. Separately, analysts at Nomura reiterated a “reduce” rating on shares of Cable and Wireless Communications Plc in a research note on Tuesday, April 22nd. They now have a GBX 44 ($0.74) price target on the stock. Finally, 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. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 49.32 ($0.83).
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.
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