Market Overview

UPDATE: Deutsche Bank Downgrades Time Warner Cable to Hold, Lowers PT

Share:
Related TWC
Earnings Scheduled For April 28, 2016
After-Hours Recap: Index Movers, Earnings And Charter-Time Warner Cable Deal
The Week In Review: Is Apple Still A Growth Enterprise? Is America? (Investor's Business Daily)

In a report published Friday, Deutsche Bank downgraded its rating on Time Warner Cable (NYSE: TWC) from Buy to Hold, and lowered its price target from $123.00 to $99.00.

Deutsche Bank noted, “TWC's 2013 outlook is challenged by flatish customer levels and heavy programming cost increases (10%). While valuation looks reasonable (12x ‘13E FCF) and return of capital remains strong, and we see today's stock drop as overdone, we expect investors will prefer the faster growing pay TV companies until clear evidence emerges that operating momentum is reaccelerating, and therefore do not see the upside to return to over $99/shr near-term. Therefore we think a Hold rating is appropriate.”

Time Warner Cable closed on Thursday at $89.34.

Latest Ratings for TWC

DateFirmActionFromTo
Mar 2016WunderlichDowngradesBuyHold
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
Aug 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for TWC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Analyst Ratings

 

Related Articles (TWC)

View Comments and Join the Discussion!