tw telecom inc. (NASDAQ:TWTC) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. They currently have a $33.00 target price on the stock. DA Davidson’s target price indicates a potential upside of 11.49% from the company’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of tw telecom inc. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 17th. They now have a GBX 29 ($0.44) price target on the stock. They noted that the move was a valuation call. Separately, analysts at Citigroup Inc. downgraded shares of tw telecom inc. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th. They now have a GBX 30 ($0.46) price target on the stock. Finally, analysts at RBC Capital downgraded shares of tw telecom inc. from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, July 10th. They now have a $30.00 price target on the stock, down previously from $31.00.
One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the company. tw telecom inc. has a consensus rating of “Hold” and a consensus target price of $33.64.
tw telecom inc. (NASDAQ:TWTC) traded up 0.54% on Friday, hitting $29.76. tw telecom inc. has a 1-year low of $23.64 and a 1-year high of $30.70. The stock’s 50-day moving average is currently $29.27. The company has a market cap of $4.474 billion and a price-to-earnings ratio of 64.35.
tw telecom inc. (NASDAQ:TWTC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The company had revenue of $389.50 million for the quarter, compared to the consensus estimate of $385.86 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that tw telecom inc. will post $0.49 EPS for the current fiscal year.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (NASDAQ:TWTC), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations.