Time Warner Cable Reaches New 12-Month High at $147.73 (TWC)
Time Warner Cable (NYSE:TWC)’s share price hit a new 52-week high during mid-day trading on Friday , Analyst Ratings News reports. The stock traded as high as $147.73 and last traded at $147.33, with a volume of 425,870 shares trading hands. The stock had previously closed at $146.60.
A number of analysts have recently weighed in on TWC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note on Friday, June 13th. They now have a $150.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Time Warner Cable from $142.00 to $155.00 in a research note on Tuesday, May 6th. Finally, analysts at RBC Capital raised their price target on shares of Time Warner Cable from $142.00 to $155.00 in a research note on Monday, April 28th. They now have a “sector perform” rating on the stock. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $147.53.
The stock has a 50-day moving average of $141.0 and a 200-day moving average of $137.7. The company has a market cap of $41.154 billion and a price-to-earnings ratio of 20.72.
Time Warner Cable (NYSE:TWC) last released its earnings data on Thursday, April 24th. The company reported $1.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.41 earnings per share. Time Warner Cable’s revenue was up 2.0% compared to the same quarter last year. On average, analysts predict that Time Warner Cable will post $7.81 earnings per share for the current fiscal year.
In other Time Warner Cable news, EVP Gail Mackinnon sold 1,801 shares of Time Warner Cable stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $145.00, for a total value of $261,145.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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