Canaccord Genuity Reiterates Hold on TW Telecom (TWTC)

By admin | 7 years ago

TW Telecom (NASDAQ: TWTC)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Tuesday.

Separately, 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 traded up 4.67% on Tuesday, hitting $22.587. 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 $3.388 billion and a price-to-earnings ratio of 56.79.

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 $0.12 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.

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