Canaccord Genuity Maintains a 'Buy' on Time Warner Cable (TWC); Q1 Preview
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Price: $209.56 --0%
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $96.00.
Analyst, Thomas Eagan, said, "TWC with Insight: Adjusted OIBDA expectations. We expect TWC to report pro forma Adj OIBDA of $1.89B, 4.3% above the combined results last year. While this is slightly below the 4.5% growth we’re expecting for TWC classic (excluding Insight), we anticipate cost savings to kick-in in H2/12. For 2012, we expect ADJ OIBDA to grow 4.1% on a pro forma basis, above the 3.5% for TWC excluding Insight, due to $50M in programming and other cost savings.
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 $80.38 yesterday.
Analyst, Thomas Eagan, said, "TWC with Insight: Adjusted OIBDA expectations. We expect TWC to report pro forma Adj OIBDA of $1.89B, 4.3% above the combined results last year. While this is slightly below the 4.5% growth we’re expecting for TWC classic (excluding Insight), we anticipate cost savings to kick-in in H2/12. For 2012, we expect ADJ OIBDA to grow 4.1% on a pro forma basis, above the 3.5% for TWC excluding Insight, due to $50M in programming and other cost savings.
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 $80.38 yesterday.
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