Evercore Partners Reiterates “Overweight” Rating for Time Warner Cable (TWC)
Time Warner Cable (NYSE:TWC)‘s stock had its “overweight” rating restated by investment analysts at Evercore Partners in a note issued to investors on Monday. They currently have a $178.00 price objective on the stock. Evercore Partners’ target price would indicate a potential upside of 20.40% from the company’s current price.
Shares of Time Warner Cable (NYSE:TWC) opened at 147.84 on Monday. Time Warner Cable has a 52-week low of $106.01 and a 52-week high of $148.20. The stock has a 50-day moving average of $141.4 and a 200-day moving average of $137.9. The company has a market cap of $41.190 billion and a price-to-earnings ratio of 20.72.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $7.81 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TWC. 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 research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $148.79.
In other Time Warner Cable news, EVP Gail Mackinnon unloaded 1,801 shares of Time Warner Cable stock on the open market 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 legal filing with the SEC, which can be accessed through 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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