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Shares of TW Telecom (NASDAQ:TWTC) hit a new 52-week high during mid-day trading on Wednesday , Analyst Ratings Net reports. The stock traded as high as $42.16 and last traded at $42.06, with a volume of 729,809 shares changing hands. The stock had previously closed at $41.24.

Several analysts have recently commented on the stock. Analysts at Stephens downgraded shares of TW Telecom from an “equal weight” rating to an “underweight” rating in a research note on Thursday, June 19th. They now have a $40.00 price target on the stock, up previously from $30.00. Separately, analysts at DA Davidson downgraded shares of TW Telecom from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 17th. They now have a $42.00 price target on the stock, up previously from $40.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of TW Telecom in a research note on Tuesday, June 17th. They now have a $45.00 price target on the stock, up previously from $32.00. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.13.

The stock has a 50-day moving average of $37. and a 200-day moving average of $32.29. The company has a market cap of $5.796 billion and a P/E ratio of 189.17. TW Telecom also was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 1,938,715 shares, a drop of 40.2% from the June 13th total of 3,240,764 shares. Based on an average daily trading volume, of 4,467,267 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.4% of the company’s stock are sold short.

TW Telecom (NASDAQ:TWTC) last released its earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.09 earnings per share. TW Telecom’s revenue was up 7.1% compared to the same quarter last year. 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.

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