Topeka Capital Markets reissued a “buy” rating and set a $108.00 price objective (up previously from $107.00) on shares of Time Warner in a research note on Thursday, July 9th.
For the current week, the company shares have a recommendation consensus of Buy. Deutsche Bank started coverage on shares of Time Warner Cable in a research report on Monday, July 13th. The company has a market cap of $53.09 billion and a price-to-earnings ratio of 26.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The basis for this estimate uses the average of the earnings per share numbers that the covering sell-side analysts provide.
This is the first earnings report since Time Warner Cable agreed to be acquired by Charter Communications for $55.1 billion, creating the second-largest cable and broadband provider in the U.S, with 24 million customers. Excluding items, per-share profit decreased to $1.54 from $1.89.
Time Warner Cable’s improved internet service branded TWC Maxx is now available to customers in the greater San Antonio area. The 52-week low of the share price is at $128.78.
The analyst consensus price target for Time Warner Cable Inc. (NYSE: TWC) is at $179.5.
Time Warner Cable Inc. said profit fell 7.2% in its latest quarter, as higher programming costs and a pension expense offset higher revenue and subscriber growth. Stockholders of record on Wednesday, July 1st were given a dividend of $0.75 per share. The ex-dividend date was Monday, June 29th.
This analysis means that value buyers who do not now hold Time Warner Inc. TWC runs in three sections: Other Operations, Business Services along with Residential Services.
The cable company said residential video subscribers declined by a net 45,000, the smallest Q2 loss since 2008, ending the quarter with 10.77 million TV customers. It includes many different services and products to business customers, including high-speed information, networking, voice, video, hosting and cloud computing services. Time Warner Cable Media, the advertising sales arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions.