Market Overview

UPDATE: Citigroup Raises PT to $30 on TW Telecom on Strong YTD Performance


Citigroup reiterates its Buy rating on TW Telecom (NASDAQ: TWTC) and raises its price target from $28 to $30.

Citigroup comments, "Shares of TWTC are up 41% since 2/7/11 and up 34% year-todate vs. the S&P 500 up 8.6% and the S&P Telecom index up 13.3%. We remain a Buyer of TWTC based on: 1) accelerating revenue growth to an above consensus rate for FY12; 2) positive operating leverage that should drive upside to consensus OIBDA & support a rising return on gross invested capital; 3) room to improve shareholder returns with announced share repurchase program, rising FCF, & balance sheet flexibility; & 4) positive option value as a possible acquisition candidate as larger wireline Telcos, such as CTL, WIN, & the cable MSOs, seek increased exposure to the business segment within the telecom market over time."

TWTC closed at $25.96 on Monday.

Latest Ratings for TWTC

Aug 2014MaintainsHold
Jun 2014DowngradesEqual-weightUnderweight
Jun 2014DowngradesBuyNeutral

View More Analyst Ratings for TWTC
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (TWTC)

View Comments and Join the Discussion!

Latest Ratings

ELMDDougherty & Co.Initiates Coverage On12.0
MRNSCantor FitzgeraldAssumes7.0
MNRLCapital One FinancialInitiates Coverage On23.0
SONVertical GroupUpgrades
UNPMorgan StanleyMaintains136.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

JC Penney Announces Surprise July 4 Sale

UPDATE: Citigroup Downgrades Brightpoint to Neutral on Acquisition From Ingram Micro