Oppenheimer Raises TW Telecom to Outperform (TWTC)
TW Telecom (NASDAQ: TWTC) was upgraded by equities researchers at Oppenheimer (NYSE: OPY) from a “market perform” rating to an “outperform” rating in a report issued on Thursday. The firm currently has a $30.00 target price on the stock.
TW Telecom traded down 1.92% on Thursday, hitting $22.95. TW Telecom has a 52-week low of $15.42 and a 52-week high of $23.79. The company has a market cap of $3.373 billion and a price-to-earnings ratio of 54.42.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.13 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.11 EPS 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 $0.14 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of TW Telecom in a research note to investors on Tuesday. Finally, analysts at Hudson Square Research raised their price target on shares of TW Telecom to $27.00 in a research note to investors on Monday, February 13rd.
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.