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

[Business Wire] – Time Warner Cable Business Class today announced that it is now offering connectivity to the Equinix Cloud Exchange, an advanced interconnection solution that enables businesses to choose and connect securely to several leading public Cloud Service Providers, such as Amazon Web Services, Microsoft Azure, and Rackspace. Read more on this. Time Warner Cable Inc. (TWC) , valued at $51.91B, began trading this morning at $183.72. Looking at the equity, the company’s one day range is $181.69 to $184.31 with a one year range of $134.21 to $194.22. TWC shares are currently priced at 27.54x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.65x earnings multiple. And for income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 1.62%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.79 per share, which would be $0.24 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.58 would be a $0.98 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.05 Billion. If reported, that would be a 4.49% increase over the year-ago quarter. 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 is $203.00, which is 10.49% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Stock Update: Time Warner Cable Inc (NYSE:TWC) – Time Warner Cable Business Class Partners with i-SAFE Ventures to Offer Schools Discounted CIPA-Compliance Services Stock Update (NYSE:TWC): Time Warner Cable Business Class Internet Connects Harmony Public Schools Company Update (NYSE:TWC): Time Warner Cable Business Class Expands Its Global Calling Plan