Nomura Securities Maintains a 'Buy' on Time Warner Cable (TWC); Thesis Intact
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Price: $209.56 --0%
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 20 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Time Warner Cable (NYSE: TWC) price target of $90.00.
Analyst, Mike McCormack, said, "Time Warner Cable’s video subscriber results were a disappointment to us. However, the cash flow and capital return thesis remain intact. While admittedly video losses disappointed, capital returns have been, and will likely continue to be, one of the most important tenants of the investment thesis. We expect 136% of fully taxed FCF to be returned in 2012 via buybacks and dividends. We continue to believe free cash flow trends are significantly more important than subscriber additions. 2012E EPS from $5.58 to $5.69 vs. Street at $5.64."
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 $81.14 yesterday.
Analyst, Mike McCormack, said, "Time Warner Cable’s video subscriber results were a disappointment to us. However, the cash flow and capital return thesis remain intact. While admittedly video losses disappointed, capital returns have been, and will likely continue to be, one of the most important tenants of the investment thesis. We expect 136% of fully taxed FCF to be returned in 2012 via buybacks and dividends. We continue to believe free cash flow trends are significantly more important than subscriber additions. 2012E EPS from $5.58 to $5.69 vs. Street at $5.64."
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 $81.14 yesterday.
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