Time Warner Cable is adding more customers as it awaits the government’s decision on whether Charter Communications should be allowed to buy it, creating a new cable giant with 24 million subscribers. Time Warner Cable now has an average rating of Hold and a consensus target price of $178.13. (NYSE:NEE) reports their next earnings announcement on or around 2015-08-03, investors will be paying particularly close attention to the reported earnings per share number versus the Wall Street analyst estimates.
Sixteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. It has outperformed the S&P 500, which has gained 12.48% in the same time. The highest target is $225 and the lowest is $158 according to Thomson/First Call. The company has a market cap of $53,768 million and the number of outstanding shares have been calculated to be 282,974,000 shares.
Sell-Side brokerage firms have a price target of $186.562 on shares of Time Warner Cable Inc (NYSE:TWC).
In other news, EVP Gail Mackinnon sold 11,586 shares of the firm’s stock in a transaction dated Wednesday, May 6th.
Time Warner Cable Inc (NYSE:TWC) shares have been given a 2.35 rating by analysts surveyed by Zacks Investment Research.
Separately, Zacks upgraded Time from a “sell” rating to a “hold” rating in a research report on Thursday, July 30th. Shareholders of record on Monday, August 31st will be given a $0.19 dividend. Time Warner Cable has a one year low of $128.78 and a one year high of $192.38. A total of 247,114 shares of the company’s stock traded hands.
Time Warner Cable Inc (NYSE:TWC) has dropped 0.57% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 5.05% in the last 4 weeks. Also, CEO Robert D. Marcus sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The disclosure for this sale can be found here.
Time Warner Cable (NYSE:TWC) announced the earnings results for Fiscal Year 2015 and Q2. (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. TWC manages in three sections: Residential Services, Company Services along with Operations. The Company offers its residential and business services customers video, high-speed data and voice services over its broadband cable systems. Its video service supplies over 300 stations, including on average, over 200 high definition (HD) channels and 20,000 video-on-demand (VOD) options. Comcast Corp. attempted a buyout of Time Warner Cable, but scrapped its proposal after regulators raised antitrust concerns. It provides services and various products to business clients, including highspeed networking, data, voice, movie, hosting and cloud computing services.
