Time Warner Cable PT Raised to $155.00 (TWC)
Stock analysts at RBC Capital upped their price target on shares of Time Warner Cable (NYSE:TWC) from $142.00 to $155.00 in a report issued on Monday, AnalystRatingsNetwork reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price points to a potential upside of 9.06% from the stock’s previous close.
In other Time Warner Cable news, SVP William Osbourn, Jr. unloaded 15,398 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $139.91, for a total value of $2,154,334.18. Following the completion of the transaction, the senior vice president now directly owns 4,903 shares in the company, valued at approximately $685,979. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of other firms have also recently commented on TWC. Analysts at Jefferies Group reiterated a “hold” rating on shares of Time Warner Cable in a research note on Friday, April 25th. They now have a $150.00 price target on the stock. Separately, analysts at Pivotal Research upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Friday, April 25th. They now have a $175.00 price target on the stock, up previously from $135.00. Finally, analysts at Telsey Advisory Group initiated coverage on shares of Time Warner Cable in a research note on Tuesday, April 22nd. They set a “not rated” rating and a $158.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $148.75.
Time Warner Cable (NYSE:TWC) traded up 0.02% during mid-day trading on Monday, hitting $142.13. The stock had a trading volume of 1,631,109 shares. Time Warner Cable has a 1-year low of $92.87 and a 1-year high of $147.28. The stock has a 50-day moving average of $137. and a 200-day moving average of $132.9. The company has a market cap of $39.599 billion and a P/E ratio of 20.09.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.68 by $0.02. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $7.80 earnings per share for the current fiscal year.
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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