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Nomura Securities Maintains a 'Buy' on Time Warner Cable (TWC); New Pricing Details Emerge, Cord Cutters Take Notice

May 15, 2012 12:48 PM EDT Send to a Friend
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Price: $146.45 -0.73%

Rating Summary:
    15 Buy, 15 Hold, 0 Sell

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    Up: 8 | Down: 13 | New: 4
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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.




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