Morgan Stanley is Waiting for Revenue Acceleration on TW Telecom
In a report published Monday, Morgan Stanley analyst Simon Flannery reiterated an Equal-Weight rating on TW Telecom (NASDAQ: TWTC).
In the report, Morgan Stanley noted, “TWTC closes out 2013 similar to how it opened it – in the middle of an investment cycle to reaccelerate revenue growth. While revenues are not expected to reaccelerate until mid 2014, TWTC is returning capital now through an ongoing buyback program.”
TW Telecom closed on Friday at $28.79.
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