Nomura Securities Maintains a 'Buy' on Time Warner Cable (TWC); New Pricing Details Emerge, Cord Cutters Take Notice
Get Alerts TWC Hot Sheet
Price: $209.56 --0%
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 1
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $90.00.
Analyst, Mike McCormack, said, "New Time Warner Cable standalone broadband pricing details are emerging, and imply a much more enticing bundling strategy. By our estimate, standalone broadband pricing will increase by $20-$30 for each tier. In addition, the lowest-tier product, offering symmetrical 1Mbps speeds, will be priced at $29.95, which compares to a 2Mbps downstream product previously priced at $19.99. As a reference, in order to stream video services, typically a minimum of ~5Mbps is required. For a household looking to “cut the video cord,” under the proposed Time Warner Cable pricing changes, a customer would now have to pay ~$30 more per month."
For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.
Shares of Time Warner Cable closed at $76.11 yesterday.
Analyst, Mike McCormack, said, "New Time Warner Cable standalone broadband pricing details are emerging, and imply a much more enticing bundling strategy. By our estimate, standalone broadband pricing will increase by $20-$30 for each tier. In addition, the lowest-tier product, offering symmetrical 1Mbps speeds, will be priced at $29.95, which compares to a 2Mbps downstream product previously priced at $19.99. As a reference, in order to stream video services, typically a minimum of ~5Mbps is required. For a household looking to “cut the video cord,” under the proposed Time Warner Cable pricing changes, a customer would now have to pay ~$30 more per month."
For an analyst ratings summary and ratings history on Time Warner Cable click here. For more ratings news on Time Warner Cable click here.
Shares of Time Warner Cable closed at $76.11 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Range Resources (RRC) to Sector Perform
- Morgan Stanley Downgrades Envista Holdings Corp. (NVST) to Equalweight
- Deutsche Bank Downgrades WNS Limited (WNS) to Hold
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!