Market Overview

UPDATE: JP Morgan Upgrades Time Warner Cable to Overweight on Growth, FCF Yield

Share:
Related TWC
US Stock Futures Surge Ahead Of Earnings, Economic Data
UPDATE: Time Warner Cable Q4 Profit Misses Expectations
FCC boosts Net speed terms (Investor's Business Daily)

JP Morgan raised its rating on Time Warner Cable (NYSE: TWC) from Neutral to Overweight and increased its price target from $100 to $110.

JP Morgan noted, "TWC is the fourth largest provider of video and third largest in broadband data in the US, and in the next year we believe it can continue to grow broadband share while slowing its video share losses. The company offers an 8.4% fully taxed FCF yield, and we expect it to return 13% of today's market cap in dividends and stock repurchases in 2013. While TWC's video business remains challenged vs its closest peer Comcast, the potential for that business to recover over time offers significant upside to shares beyond our target."

Time Warner Cable closed at $89.29 on Wednesday.

Latest Ratings for TWC

DateFirmActionFromTo
Dec 2014BTIG ResearchDowngradesBuyNeutral
Oct 2014Brean CapitalDowngradesBuyHold
Oct 2014Bank of AmericaMaintainsNeutral

View More Analyst Ratings for TWC
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (TWC)

Around the Web, We're Loving...

Get Benzinga's Newsletters