The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.83 billion.
Sources say that comes in the form of a new protective order for documents in the proposed Charter-TWC deal, but an order that is also responsive to the court’s issues with how the FCC handled the previous protective order.
6/16/2015 – Time Warner had its price target raised by analysts at JPMorgan Chase & Co. from $91.00 to $96.00. Sponsored by Time Warner Cable Enterprises LLC.
Time Warner was downgraded by analysts at Zacks from a “buy” rating to a “hold” rating.
For the current week, the company shares have a recommendation consensus of Buy. However, the stock price could fluctuate by $ 28.32 from the estimate as it is suggested by the standard deviation reading. The total value of the transaction was worth $1,036,546. The disclosure for this sale can be found here.
“The cost of programming for TWC’s pay-TV service rose 8.7% to $1.4 billion as the company acquired the rights for the Los Angeles Lakers and L.A. Dodgers for its SportsNet LA regional sports network, USA Today notes”.
The company’s shares were little changed at US$189.46 in morning trading on the New York Stock Exchange. However, if the road gets shaky, the stock may fall short to $85 per share. The 50-day moving average is $182.3 and the 200 day moving average is recorded at $161.93. They now have a $108.00 price target on the stock, up previously from $107.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. With the volume soaring to 1,583,109 shares, the last trade was called at $188.14. The ex-dividend date was Monday, June 29th. Charter rose 1.2% to $186.60.
Time Warner Cable Inc.is up 20.5% in the last 3-month period. The Company offers its residential and business services customers video, high-speed data and voice services over its broadband cable systems. It includes many different services and products to business customers, including high-speed information, networking, voice, video, hosting and cloud computing services. “We intend to use the time between the signing and closing of the Charter deal to further strengthen our operations”.