Market Update (NYSE:TWC): [$$] Time Warner Cable-Charter Deal Still on Track

[at Barrons.com] – Wells Fargo Securities The Time Warner Cable strategy seems to be working, and the Charter Communications deal is still on track. The great fourth-quarter subscriber trends were already known given Time Warner Cable’s Jan. 7 preannouncement, but we can’t help but reiterate how impressive the 54,000 video added subscribers, 281 data added subscribers, and 227 voice added subscribers were. Read more on this. Time Warner Cable Inc. (TWC) , with a current value of $51.89B, started trading this morning at $182.45. Looking at the equity, the company’s one day range is $179.42 to $183.29 with the price of the stock fluctuating between $134.21 to $194.22 over the last 52 weeks. TWC shares are currently priced at 23.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.27x earnings multiple for the same period. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 1.65%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.79 per share, which would be $0.14 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $7.63 which would be a $1.01 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.13 Billion. If reported, that would be a 6.06% increase over the year-ago quarter. More recently, Sun Trust Rbsn Humphrey Initiated TWC at Neutral (Nov 11, 2015). Previously, Buckingham Research downgraded TWC from Buy to Neutral. The average price target for TWC shares by the analysts covering the stock is $199.89, which is 9.56% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Company Update (NYSE:TWC): [$$] Time Warner Cable-Charter Deal Still on Track Market Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable Business Class Offers Ethernet Customers Connectivity to Public Clouds Through the Equinix Cloud Exchange Market Update (NYSE:TWC): Time Warner Cable, Charter expect deal closing in first quarter 2016, not 2015