Canaccord Genuity Maintains a 'Hold' on tw telecom (TWTC); Enterprise Strong but Mix Shift Not Great
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Price: $42.78 --0%
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 55
Rating Summary:
3 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 4 | New: 55
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Canaccord Genuity maintains a 'Hold' on tw telecom (NASDAQ: TWTC) price target of $21.00.
Analyst, Greg Miller, said, "With the Q1/12 report, investors have yet again been provided with solid enterprise revenue growth trends (up 10.9% y/y). However, the strength was again derived from lower quality voice services but offset by weaker than expected data revenues. Accordingly, without a clear enterprise trajectory and with unexpected weakness from “late in the quarter” carrier churn, we continue to rate the stock HOLD. We look for clarity on the carrier miss at a time when the company’s fiber-to-the-tower opportunity was said to be robust and its prior period “bookings” strong."
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 $21.58 yesterday.
Analyst, Greg Miller, said, "With the Q1/12 report, investors have yet again been provided with solid enterprise revenue growth trends (up 10.9% y/y). However, the strength was again derived from lower quality voice services but offset by weaker than expected data revenues. Accordingly, without a clear enterprise trajectory and with unexpected weakness from “late in the quarter” carrier churn, we continue to rate the stock HOLD. We look for clarity on the carrier miss at a time when the company’s fiber-to-the-tower opportunity was said to be robust and its prior period “bookings” strong."
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 $21.58 yesterday.
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