Time Warner Cable Inc.
), the second largest cable multi service operator (MSO) in the
U.S., surged to a new 52-week high of $148.20 on Friday, before
closing the session a little lower at $147.84. In the past twelve
months, the company's shares have soared over 33% following
positive earnings surprise in the trailing four quarters.
Since Time Warner Cable reported its first-quarter 2014
financial numbers on Apr 24, 2014, the company's shares have gained
nearly 6%. In the first-quarter 2014, Time Warner Cable reported
earnings per share of $1.78, breezing past the Zacks Consensus
Estimate of $1.68 by 6%. Also, the company has surpassed the Zacks
Consensus estimate in the last four quarters, with an average
earnings beat of 4.2%.
In the first-quarter 2014, Time Warner Cable significantly
narrowed its residential video customer loss to 34,000 from 217,000
in the last quarter. Also, this figure marks the lowest loss in the
last five years. The company also witnessed considerable subscriber
addition for its broadband and digital phone services.
Recently, Time Warner Cable and global WiFi service provider
Boingo Wireless, Inc.
) have jointly announced a roaming access agreement. Per the
agreement, Time Warner Cable customers can now access Boingo's WiFi
services in over 100 superior Boingo locations. Though Time Warner
Cable customers will benefit from this pact at only 100 locations,
we believe this will serve as the platform to expand Internet
services on a large scale in the near future. We believe
implementation of such growth strategies may act as tailwinds for
the company, moving forward.
Time Warner Cable currently holds a Zacks Rank #3 (Hold).
Other stocks to Consider
Other better-ranked stocks worth considering in this sector are
Rogers Communications Inc.
). Both these stocks hold a Zacks Rank #2 (Buy).
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ROGERS COMM CLB (RCI): Free Stock Analysis
COMCAST CORP A (CMCSA): Free Stock Analysis
TIME WARNER CAB (TWC): Free Stock Analysis
BOINGO WIRELESS (WIFI): Free Stock Analysis
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