Time Warner Cable misses Street 2Q forecasts

However, rising programming costs pose a major threat to Time Warner Cable. Analysts at Scotiabank downgraded shares of Time Warner Cable from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, June 23rd.

Shares of Time Warner Cable Inc (NYSE:TWC) rose by 1.1% in the past week and 6.46% for the last 4 weeks. The higher price estimate target is at $108 according to the Analysts. Analysts at Deutsche Bank initiated coverage on shares of Time Warner Cable in a research note on Monday, July 13th. (NYSE:TWX) is $91.34 and the 52-week low is $67.78. The company has a market cap of $72,054 million and the number of outstanding shares have been calculated to be 824,602,000 shares. The stock was sold at an average price of $156.65, for a total value of $1,814,946.90. The highest analyst price target sees the stock at $222.

Time Warner (NYSE:TWX) last released its earnings data on Wednesday, April 29th. Analysts at Barclays raised their price target on shares of Time Warner from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. ( TWC ) reported second quarter net income attributable to shareholders of $463 million or $1.62 per share compared to $499 million or $1.76 per share, last year.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Melton Carol A, Officer (Executive Vice President) of Time Warner Inc., had unloaded 12,088 shares at an average price of $85.75 in a transaction dated on March 18, 2015. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share. The company had revenue of $7.10 billion for the quarter.

Time Warner Inc. (NYSE:TWX), is a media and entertainment company. TWC operates in three segments: Residential Services, Business Services and Other Operations. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Time Warner Cable Media, the advertising sales arm of Time Warner Cable, offers national, regional and local companies innovative advertising solutions.