[Reuters] – The Justice Department is poised to approve Charter Communications Inc’s proposed purchase of Time Warner Cable Inc and Bright House networks, sources said on Monday. Federal Communications Commission … Read more on this. Time Warner Cable Inc. (TWC) , with a current value of $59.38B, started trading this morning at $200.51. Shares have traded today between $199.30 and $210.39 per share with a trailing 52-week range being $152.81 to $210.39. TWC shares are currently priced at 27.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.09x earnings multiple. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 1.49%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $1.74 per share, which would be $0.09 better than the year-ago quarter and a $0.07 sequential decrease. The full-year EPS estimate is $7.45 which would be a $0.83 improvement than last year’s full-year earnings. 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. Recently, Sun Trust Rbsn Humphrey Initiated TWC at Neutral (Nov 11, 2015). Previously, Buckingham Research downgraded TWC from Buy to Neutral. The average price target for TWC shares by the analysts covering the stock is $206.56, which is 3.02% above where the stock opened this morning. See more in (NYSE:TWC) Similar Articles: Company Update: Time Warner Cable Inc (NYSE:TWC) – Democratic senators raise serious concerns about Charter Time Warner tie-up Market Update (NYSE:TWC): Time Warner Cable-Charter Deal Still on Track Company Update (NYSE:TWC): Time Warner Cable-Charter Deal Still on Track