DA Davidson upgraded shares of tw telecom inc. (NASDAQ:TWTC) from a neutral rating to a buy rating in a research note released on Thursday morning, TheFlyOnTheWall.com reports.
Shares of tw telecom inc. (NASDAQ:TWTC) opened at 28.75 on Thursday. tw telecom inc. has a 1-year low of $24.16 and a 1-year high of $31.89. The stock has a 50-day moving average of $30.57 and a 200-day moving average of $29.23. The company has a market cap of $4.188 billion and a price-to-earnings ratio of 64.22.
tw telecom inc. (NASDAQ:TWTC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $393.19 million for the quarter, compared to the consensus estimate of $392.73 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that tw telecom inc. will post $0.45 earnings per share for the current fiscal year.
TWTC has been the subject of a number of other recent research reports. Analysts at Gabelli downgraded shares of tw telecom inc. from a buy rating to a hold rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Janco Partners initiated coverage on shares of tw telecom inc. in a research note to investors on Friday, September 6th. They set a buy rating and a $36.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of tw telecom inc. in a research note to investors on Wednesday, August 21st. They now have a $35.00 price target on the stock, up previously from $30.00. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $29.27.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.
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