Cable TV and Internet provider Time Warner Cable Inc. (TWC) on Wednesday caught some continued positive sentiment from analysts at Citigroup.
The firm maintained its “Buy” rating on TWC price while raising its price target to $99. That new target suggests a 22% upside to the stock’s Tuesday closing price of $80.94.
Citigroup noted it made the move because it expects the company’s return of capital to continue.
Time Warner Cable shares rose $1, or +1.2%, in morning trading Wednesday.
The Bottom Line
We have been recommending shares of Time Warner Cable (TWC) since Jan.26, when the stock was trading at $69.11. The company has a 2.77% dividend yield, based on last night’s closing stock price of $80.94.
Time Warner Cable Inc. (TWC) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.