Time Warner Cable Started as a “Hold” at Brean Murray (TWC)

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Cable TV and Internet provider Time Warner Cable Inc. ( TWC ) on Monday saw its coverage initiated with a "Hold" rating by analysts at Brean Murray Carret & Co.

The firm also set a $93 price target on TWC, which suggests a 17% upside to the stock's Friday closing price of $79.24.

A Brean analyst commented, "TWC to us is a strong operator with a good management team. The company benefits from economies of scale and has levels of service penetration and ARPU on par with the industry leaders. The stock has been the top performer in the group, up 86% since year-end 2009…we believe TWC will find it increasingly difficult to generate upside to current FCF yields and enthusiasm for the shares could wane as a result."


Time Warner shares were mostly flat in premarket trading Monday.

The Bottom Line
We have been recommending shares of Time Warner Cable ( TWC ) since Feb.3, 2010, when the stock was trading at $44.99. The company has a 2.42% dividend yield, based on Friday's closing stock price of $79.24.

Time Warner Cable Inc. ( TWC ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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