Time Warner Cable Inc (NYSE:TWC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Time Warner Cable Inc (NYSE:TWC) have earned a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock. Nine equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $214.24.

Shares of Time Warner Cable (NYSE:TWC) remained flat at $209.56 during trading on Monday. The stock has a 50 day moving average price of $208.28 and a 200 day moving average price of $192.56. Time Warner Cable has a 12 month low of $162.33 and a 12 month high of $217.91.

Time Warner Cable (NYSE:TWC) last posted its quarterly earnings results on Thursday, April 28th. The cable operator reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.04. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.14 billion. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.65 EPS. On average, equities research analysts expect that Time Warner Cable will post $7.50 earnings per share for the current fiscal year.

A number of analysts have weighed in on TWC shares. Wunderlich restated a “hold” rating and issued a $237.00 target price (up previously from $219.00) on shares of Time Warner Cable in a research report on Monday, May 2nd. Zacks Investment Research upgraded shares of Time Warner Cable from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. Deutsche Bank AG raised their target price on shares of Time Warner Cable from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, May 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of Time Warner Cable in a research report on Monday, April 11th.

Read full story at http://www.thecerbatgem.com/2016/07/25/time-warner-cable-inc-nysetwc-receives-consensus-rating-of-hold-from-brokerages/

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