Time Warner Cable Given Consensus Recommendation of “Buy” by Brokerages (NYSE:TWC)
Shares of Time Warner Cable (NYSE:TWC) have earned a consensus rating of “Buy” from the twenty-five analysts that are presently covering the stock, AnalystRatings.Net reports. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $154.78.
Time Warner Cable (NYSE:TWC) traded down 0.56% on Tuesday, hitting $146.45. 183,255 shares of the company’s stock traded hands. Time Warner Cable has a 52 week low of $106.01 and a 52 week high of $154.12. The stock’s 50-day moving average is $147.1 and its 200-day moving average is $140.7. The company has a market cap of $40.931 billion and a price-to-earnings ratio of 20.47.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.89 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.69 earnings per share. Time Warner Cable’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Time Warner Cable will post $7.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Time Warner Cable in a research note on Friday. They now have a $178.00 price target on the stock, up previously from $150.00. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Time Warner Cable in a research note on Thursday, July 31st. They now have a $158.00 price target on the stock. Finally, 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.
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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