Investment analysts at Barclays Capital (NYSE: BCS) increased their price target on shares of Time Warner Cable (NYSE: TWC) from $80.00 to $85.00 in a note issued to investors on Monday. They currently have an “equal weight” rating on the company’s shares.
Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of Time Warner Cable in a research note to investors on Friday. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Time Warner Cable in a research note to investors on Friday. Also, analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of Time Warner Cable in a research note to investors on Friday. They now have an “equal weight” rating and a $85.00 price target on the stock.
Time Warner Cable Inc. (TWC) is a cable operator in the United States, with systems located mainly in five geographic areas: New York State (including New York City), the Carolinas, Ohio, southern California (including Los Angeles) and Texas. TWC offers video, high-speed data and voice services over its broadband cable systems to residential and commercial customers. In addition, TWC sells advertising to a variety of national, regional and local advertising customers. On March 12, 2009, TWC completed its separation from Time Warner Inc. (Time Warner).
Time Warner Cable traded down 1.22% on Monday, hitting $72.87. Time Warner Cable has a 1-year low of $57.15 and a 1-year high of $80.86. The stock has a 50-day moving average of $65.06 and a 200-day moving average of $65.75. The company has a market cap of $22.954 billion and a price-to-earnings ratio of 14.84.