Canaccord Genuity maintains a 'Hold' on tw telecom (TWTC); Solid Quarter, But Upside Priced In
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Price: $28.52 +0.07%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade TWTC Now!
Canaccord Genuity maintains a 'Hold' on tw telecom (NASDAQ: TWTC) price target raised $1 to $22.
Analyst, Greg Miller, said, "Despite a 5%+ uptick in the shares following the conference call, we continue to rate TWTC a HOLD, as it remains unclear if the overall revenue growth trend can accelerate as has been reflected in the current valuation. With a meaningful slowdown in the growth rate of data and Internet service revenue and a likely reversal from seasonally lower operating expenses, we do not expect the operating trends to significantly improve for the balance of the year."
For an analyst ratings summary and ratings history on tw telecom click here. For more ratings news on tw telecom click here.
Shares of tw telecom closed at $22.69 yesterday, with a 52 week range of $15.42-$23.00.
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Analyst, Greg Miller, said, "Despite a 5%+ uptick in the shares following the conference call, we continue to rate TWTC a HOLD, as it remains unclear if the overall revenue growth trend can accelerate as has been reflected in the current valuation. With a meaningful slowdown in the growth rate of data and Internet service revenue and a likely reversal from seasonally lower operating expenses, we do not expect the operating trends to significantly improve for the balance of the year."
For an analyst ratings summary and ratings history on tw telecom click here. For more ratings news on tw telecom click here.
Shares of tw telecom closed at $22.69 yesterday, with a 52 week range of $15.42-$23.00.
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