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Company Update: Time Warner Cable Inc (NYSE:TWC) – Democratic senators raise serious concerns about Charter Time Warner tie-up

[Reuters] – Five Democratic U.S. senators including presidential candidate Bernie Sanders told the Justice Department and Federal Communications Commission Thursday that they have “significant concerns” about Charter Communications planned acquisition of Time Warner Cable and Bright House Networks. The senators including Elizabeth Warren, Ed Markey, Ron Wyden and Al Franken said the deal “would effectively create a nationwide broadband duopoly, leaving New Charter and Comcast largely in control of nearly two-thirds of the nation ’s high-speed broadband homes” and urged the government to thoroughly address all potential harms to consumers. Read more on this. Time Warner Cable Inc. (TWC) , with a current value of $54.55B, opened this morning at $190.47. Looking at the stock , its one day range is $189.86 to $193.00 with a trailing 52-week range being $145.44 to $194.22. Time Warner Cable (TWC) shares are currently priced at 25.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -0.09x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $3.00 per share annually in dividends, yielding 1.59%. Consensus earnings for the current quarter by the 15 sell-side analysts covering the stock is an estimate of $1.77 per share, which would be $0.12 better than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.50 would be a $0.88 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.14 Billion. If reported, that would be a 6.23% increase over the year-ago quarter. More recently, Sun Trust Rbsn Humphrey Initiated TWC at Neutral (Nov 11, 2015). Previously, Buckingham Research downgraded TWC from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $199.89, which is 4.95% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Market Update: Time Warner Cable Inc (NYSE:TWC) – Charter Communications’ loss soars on higher costs Market Update (NYSE:TWC): Time Warner Cable-Charter Deal Still on Track Company Update (NYSE:TWC): Time Warner Cable-Charter Deal Still on Track
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