Time Warner Cable (NYSE:TWC) had its target price lifted by Evercore Partners from $125.00 to $154.00 in a research note released on Tuesday morning, Stock Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at RBC Capital reiterated a buy rating on shares of Time Warner Cable in a research note to investors on Saturday, November 23rd. They now have a $109.00 price target on the stock. Finally, analysts at Argus downgraded shares of Time Warner Cable from a buy rating to a hold rating in a research note to investors on Monday, November 25th. Eleven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $122.00.
In other Time Warner Cable news, CEO Glenn Britt sold 10,000 shares of the stock on the open market in a transaction dated Tuesday, November 26th. The stock was 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 in the company, valued at approximately $21,170,151. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Time Warner Cable (NYSE:TWC) traded down 0.48% during mid-day trading on Tuesday, hitting $133.50. 219,927 shares of the company’s stock traded hands. Time Warner Cable has a one year low of $84.57 and a one year high of $139.85. The stock has a 50-day moving average of $122.7 and a 200-day moving average of $112.. The company has a market cap of $37.632 billion and a price-to-earnings ratio of 20.67.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Thursday, October 31st. The company reported $1.69 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Time Warner Cable will post $6.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.94%. The ex-dividend date 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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