Market Update: Time Warner Cable Inc (NYSE:TWC) – Charter Communications’ loss soars on higher costs

[Reuters] – Charter Communications Inc’s quarterly net loss more than doubled due to costs related to its pending $55 billion acquisition of Time Warner Cable Inc . The company lost $122 million, or $1.09 per share, … Read more on this. Time Warner Cable Inc. (TWC) , valued at $51.80B, began trading this morning at $186.00. Looking at the equity, the company’s one day range is $181.55 to $188.31 with a one year range of $144.88 to $194.22. Priced at 23.83x this year’s forecasted earnings, TWC shares are relatively expensive compared to the industry ’s -1.79x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $3.00 per share annually in dividends, yielding 1.65%. According to a consensus of 15 analysts, the earnings estimate of $1.80 per share would be $0.15 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $7.64 is a $1.02 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.14 Billion. If realized, that would be a 6.23% increase over the year-ago quarter. In terms of ratings, Sun Trust Rbsn Humphrey Initiated TWC at Neutral (Nov 11, 2015). Previously, Buckingham Research downgraded TWC from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $199.89, which is 7.47% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Market Update (NYSE:TWC): [$$] Time Warner Cable-Charter Deal Still on Track Company Update (NYSE:TWC): [$$] Time Warner Cable-Charter Deal Still on Track Market Update (NYSE:TWC): Time Warner Cable, Charter expect deal closing in first quarter 2016, not 2015