Nomura Gives Buy Rating to Time Warner Cable (TWC)
Time Warner Cable (NYSE: TWC)‘s stock had its “buy” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Friday.
Shares of Time Warner Cable traded down 0.42% during mid-day trading on Friday, hitting $80.31. Time Warner Cable has a 52 week low of $57.15 and a 52 week high of $83.64. The company has a market cap of $25.224 billion and a P/E ratio of 16.23.
The company last announced its quarterly results on Thursday, April 26th. It reported $1.30 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.22 EPS 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 $1.42 earnings per share next quarter.
A number of other firms have also recently commented on TWC. 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. They now have an “equal weight” rating on the stock. Separately, analysts at Citigroup (NYSE: C) initiated coverage on shares of Time Warner Cable in a research note to investors on Wednesday, April 25th. They set a “buy” rating and a $99.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Time Warner Cable in a research note to investors on Monday, April 16th.
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.