Jefferies Group Gives Buy Rating to TW Telecom (TWTC)
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of TW Telecom to $26.00 in a research note to investors on Thursday. Separately, analysts at Oppenheimer (NYSE: OPY) upgraded shares of TW Telecom from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $30.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of TW Telecom in a research note to investors on Tuesday, May 1st.
Shares of TW Telecom traded down 0.61% during mid-day trading on Friday, hitting $22.81. TW Telecom has a 52 week low of $15.42 and a 52 week high of $23.00. The company has a market cap of $3.430 billion and a P/E ratio of 53.37.
TW Telecom last released its earnings data on Tuesday, May 1st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.02. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts expect that TW Telecom will post $0.15 EPS next quarter.
tw telecom inc. is a provider of managed network services, specializing in Ethernet and data networking, Internet access, local and long distance voice, virtual private network (VPN), voice over Internet protocol (VoIP) and network security services to enterprise organizations and communications services companies throughout the United States.