Time Warner Cable Inc (TWC) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 240 from a previous price target of $224 . Deutsche Bank advised their investors in a research report released on May 12, 2016.
Many Wall Street Analysts have commented on Time Warner Cable Inc. Company shares were Reiterated by Wunderlich on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 237 from a previous price target of $219 .
On the company’s financial health, Time Warner Cable Inc reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.76. The company had revenue of $6191.00 million for the quarter, compared to analysts expectations of $6144.90 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Time Warner Cable Inc opened for trading at $214.5 and hit $216.14 on the upside on Tuesday, eventually ending the session at $216.12, with a gain of 1.09% or 2.33 points. The heightened volatility saw the trading volume jump to 25,40,441 shares. Company has a market cap of $61,530 M.
In a different news, on May 11, 2016, Marc Lawrence-apfelbaum (EVP, Gen. Counsel & Secretary) sold 14,099 shares at $215.18 per share price. According to the SEC, on May 11, 2016, Carole Black (director) sold 2,201 shares at $214.82 per share price. On Feb 2, 2016, Pace Wayne (director) sold 3,792 shares at $184.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Time Warner Cable Inc. (TWC) is a provider of video high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State the Carolinas the Midwest Southern California and Texas. TWC operates in three segments: Residential Services Business Services and Other Operations. TWC offers video high-speed data and voice services as well as security and home management services to residential customers. Its video service provides over 300 channels including on average over 200 high-definition (HD) channels and 20000 video-on-demand (VOD) choices. It offers a variety of products and services to business customers including high-speed data networking voice video hosting and cloud computing services. Its Other Operations segment consists of Time Warner Cable Media (TWC Media) the advertising sales arm of TWC and its regional sports networks its local sports news and lifestyle channels and SportsNet LA.