Time Warner Cable Receives Hold Rating from Jefferies Group (TWC)
Time Warner Cable (NYSE:TWC)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Friday. They currently have a $178.00 target price on the stock, up from their previous target price of $150.00. Jefferies Group’s price objective suggests a potential upside of 22.02% from the stock’s previous close.
In other Time Warner Cable news, CEO Robert D. Marcus sold 16,000 shares of the company’s stock on the open market in a transaction dated Monday, July 21st. The stock was sold at an average price of $147.01, for a total value of $2,352,160.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Time Warner Cable in a research note on Thursday. They now have a $158.00 price target on the stock. Separately, analysts at Wunderlich upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $190.00 price target on the stock, up previously from $146.00. Finally, analysts at Brean Capital raised their price target on shares of Time Warner Cable from $165.00 to $186.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $153.68.
Time Warner Cable (NYSE:TWC) opened at 145.88 on Friday. Time Warner Cable has a 1-year low of $106.01 and a 1-year high of $154.12. The stock has a 50-day moving average of $147.0 and a 200-day moving average of $140.5. The company has a market cap of $40.644 billion and a P/E ratio of 20.51.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.89 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.97 by $0.08. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The company’s quarterly revenue was up 3.2% 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.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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