Northland Securities started coverage on shares of Time Warner Cable (NYSE:TWC) in a research note released on Wednesday morning, TheFlyOnTheWall.com reports. The firm issued an outperform rating on the stock.
Northland Securities has also updated their ratings on a number of other consumer discretionary stocks in the last week. The firm initiated coverage on shares of Charter Communications Inc.. They issued a market perform rating on that stock. Also, Northland Securities initiated coverage on shares of Comcast Corp.. They issued an outperform rating on that stock. Finally, Northland Securities initiated coverage on shares of DISH Network Corp.. They issued a market perform rating on that stock.
In other Time Warner Cable news, CEO Glenn Britt unloaded 10,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $133.19, for a total transaction of $1,331,900.00. Following the transaction, the chief executive officer now directly owns 158,947 shares of the company’s stock, valued at approximately $21,170,151. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Northland Capital Partners initiated coverage on shares of Time Warner Cable in a research note to investors on Wednesday. They set an outperform rating and a $165.00 price target on the stock. Separately, analysts at Evercore Partners raised their price target on shares of Time Warner Cable from $125.00 to $154.00 in a research note to investors on Tuesday. Finally, analysts at Wunderlich reiterated a hold rating on shares of Time Warner Cable in a research note to investors on Saturday, November 23rd. They now have a $124.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $122.00.
Time Warner Cable (NYSE:TWC) traded down 0.52% during mid-day trading on Wednesday, hitting $131.51. 1,051,249 shares of the company’s stock traded hands. Time Warner Cable has a 52-week low of $84.57 and a 52-week high of $139.85. The stock has a 50-day moving average of $123.2 and a 200-day moving average of $112.3. The company has a market cap of $37.071 billion and a price-to-earnings ratio of 20.37.
Time Warner Cable (NYSE:TWC) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.64 by $0.05. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Time Warner Cable will post $6.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Tuesday, November 26th.
Time Warner Cable Inc (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.
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