Share on StockTwits

TW Telecom (NASDAQ:TWTC) was upgraded by equities researchers at Citigroup Inc. to a “buy” rating in a research report issued on Friday, AR Network reports.

A number of other firms have also recently commented on TWTC. Analysts at RBC Capital reiterated a “sector perform” rating on shares of TW Telecom in a research note on Friday, May 9th. They now have a $32.00 price target on the stock. Separately, analysts at Stephens reiterated an “equal weight” rating on shares of TW Telecom in a research note on Friday, May 9th. They now have a $30.00 price target on the stock. Finally, analysts at Drexel Hamilton reiterated a “hold” rating on shares of TW Telecom in a research note on Friday, May 9th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.13.

TW Telecom (NASDAQ:TWTC) opened at 30.24 on Friday. TW Telecom has a 52-week low of $25.83 and a 52-week high of $32.05. The stock has a 50-day moving average of $30.65 and a 200-day moving average of $30.09. The company has a market cap of $4.170 billion and a price-to-earnings ratio of 138.94.

TW Telecom (NASDAQ:TWTC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.10 by $0.03. The company had revenue of $408.30 million for the quarter, compared to the consensus estimate of $406.74 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that TW Telecom will post $0.42 EPS for the current fiscal year.

tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.

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.