Jefferies Ups Target On tw telecom (TWTC) After In-Line Q4 Results
Tweet
Share
E-mailGet Alerts TWTC Hot Sheet
Price: $42.78 --0%
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Jefferies adjusted estimates and raised its price target on tw telecom (NASDAQ: TWTC) from $22 to $25 following inline Q4 results. The firm maintained their Buy rating.
The firm comments, "Post 4Q11 results, which were in line with our estimates and Street consensus, we are publishing our revised 2012 model to account for the flow through impacts. Our forecasts remain essentially unchanged. We continue to believe that fiber-based alternative carriers are strategically important in the evolution of enterprise networks to the cloud."
Q1 EPS goes down from $0.14 to $0.11, FY12 from $0.60 to $0.52 and FY13 from $0.76 to $0.71.
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 $21.63 yesterday.
The firm comments, "Post 4Q11 results, which were in line with our estimates and Street consensus, we are publishing our revised 2012 model to account for the flow through impacts. Our forecasts remain essentially unchanged. We continue to believe that fiber-based alternative carriers are strategically important in the evolution of enterprise networks to the cloud."
Q1 EPS goes down from $0.14 to $0.11, FY12 from $0.60 to $0.52 and FY13 from $0.76 to $0.71.
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 $21.63 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cummins (CMI) PT Lowered to $675 at Jefferies
- Viking Holdings (VIK) PT Raised to $82 at Mizuho
- Deere (DE) PT Lowered to $728 at UBS as Agricultural Machinery Cycle Gets Closer
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign 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!
