Time Warner Cable Inc. (NYSE:TWC) [Trend Analysis] regains street interests, as shares moved down -0.60% on Friday and it traded at $215.28. The 52-week high of the share price is -0.86% and 52-week low of the share price is 43.17%.
Time Warner Cable Inc. (TWC), Charter Communications, Inc. (CHTR) along with Advance/Newhouse Partnership released that they had received approval from the California Public Utilities Commission for the transactions between the parties, and as such, all required regulatory approvals in connection with the previously announced transactions between Charter and TWC, and Charter’s acquisition of Bright House Networks have been received. Subject to the remaining customary closing conditions, the Charter-TWC transactions and Charter’s acquisitions of Bright House Networks are currently expected to close on or about May 18, 2016. The President and CEO of Charter Communications, Tom Rutledge stated that they are pleased to have now obtained all approvals. They look forward to closing these transactions next week and to begin delivering the many benefits of these transactions to consumers.”
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 0.70 as compared to its debt to equity ratio stands at 2.40. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -10.30%. Investors looking further ahead will note that the Price to next year’s EPS is 10.20%.
For current month, 1 analyst from pool recommended for an “overweight” rating, while 6 gave rating of “Buy” and 12 analysts suggest to “Hold” and 1 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for TWC has been mentioned as; 240.00 tends to high price target, medium level touched to 216.00, and 175.00 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 215.86, where as the current price is 215.28, as per research conducted by WSJ.
As for as concerns shares volumes, in share capital Time Warner Cable Inc. (NYSE:TWC) has 283.85 million outstanding shares among them 283.85 million shares have been floated in market exchange. The firm’s institutional ownership remained 92.50% while insider ownership included 0.10%.
The stock showed weekly upbeat performance of 1.30%, which maintained for the month at 4.95%. Likewise the positive performance for the quarter recorded as 20.47% and for the year was 43.16%, while the YTD performance remained at 16.42%.