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You are here: Home / S and P Capital IQ Reiterates BUY Rating on Time Warner Cable
S and P Capital IQ Reiterates BUY Rating on Time Warner Cable
January 27, 2012
NEW YORK, January 27 (FinanceEnquiry.com) - Analyst Tuna Amobi at S&P Capital IQ reiterates his Buy rating on the shares Time Warner Cable (NYSE: TWC). The 12-month target price is increased from $75 to $85.
In a research note published yesterday, Amobi mentions that Time Warner Cable's Q4 EPS of $1.39 on 10% less shares is $0.16 ahead of the estimate without adjusting a $0.36 net benefit. S&P continues to monitor strong residential data and improved voice adds, against some videos losses.
TWX expects high single-digit 2012 EBIT growth, confirms the analyst's positive view of insight HI closing and imminent launch of new wireless bundle on Verizon pact. The 2012 EPS forecast is lowered from $5.57 to $5.39, while 2013
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