Nomura Gives Buy Rating to Time Warner Cable (TWC)
Shares of Time Warner Cable opened at 76.33 on Tuesday. Time Warner Cable has a one year low of $57.15 and a one year high of $83.64. The company has a market cap of $23.853 billion and a P/E ratio of 14.51.
Time Warner Cable last issued its quarterly earnings data on Thursday, April 26th. The company reported $1.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.08. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $1.43 earnings per share next quarter.
A number of other firms have also recently commented on TWC. Analysts at Barrington Research cut their price target on shares of Time Warner Cable from $49.00 to $46.00 in a research note to investors on Friday, May 11st. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note to investors on Monday, May 7th. They now have a $83.00 price target on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Time Warner Cable from $85.00 to $90.00 in a research note to investors on Friday, April 27th. They now have an “equal weight” rating on the stock.
Time Warner Cable Inc. is a cable operator in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.