Time Warner Cable (NYSE:TWC) was downgraded by equities research analysts at Argus from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on TWC. Analysts at Pivotal Research downgraded shares of Time Warner Cable from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at RBC Capital raised their price target on shares of Time Warner Cable from $116.00 to $131.00 in a research note to investors on Tuesday, November 5th. They now have a “sector perform” rating on the stock. Finally, analysts at Deutsche Bank upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. They now have a $141.00 price target on the stock, up previously from $109.00. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $118.47.
Time Warner Cable (NYSE:TWC) opened at 132.92 on Monday. Time Warner Cable has a one year low of $84.57 and a one year high of $133.73. The stock has a 50-day moving average of $118.7 and a 200-day moving average of $110.2. The company has a market cap of $37.469 billion and a P/E ratio of 20.48. Time Warner Cable also was the recipient of unusually large options trading activity on Friday. Traders bought 25,078 call options on the company. This represents an increase of 348% compared to the average volume of 5,597 call options.
Time Warner Cable (NYSE:TWC) last announced its 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 last year, the company posted $1.41 earnings per share. Time Warner Cable’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Time Warner Cable will post $6.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders 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 1.96%. The ex-dividend date is Tuesday, November 26th.
In other Time Warner Cable news, CEO Glenn Britt sold 10,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $121.38, for a total value of $1,213,800.00. Following the completion of the sale, the chief executive officer now directly owns 158,947 shares of the company’s stock, valued at approximately $19,292,987. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.