Time Warner Cable Inc.
) was a big mover last session, as the company saw its shares rise
almost 10% on the day. The move came on solid volume too with far
more shares changing hands than in a normal session. This breaks
the recent trend of the company, as the stock is now trading above
the volatile price range of $116.88 to $123.51 in the past
one-month time frame.
This popular cable TV company has seen 7 negative revisions in the
past one month. The Zacks Consensus Estimate moved lower over the
same time frame, suggesting there may be trouble down the road. So
make sure to keep an eye on this stock going forward to see if
Friday's move higher can last.
Time Warner Cable currently has a Zacks Rank #3 (Hold) while its
), which carries a Zacks Rank #2 (Buy), is the only better-ranked
stock in the cable TV industry at the moment. However, investors
interested in the broadcast-radio/TV industry may also consider
Phoenix New Media Limited
). While Belo Corp retains a Zacks Rank #1 (Strong Buy), Phoenix
New Media carries a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research?
Today, you can download
7 Best Stocks for the Next 30 Days.
Click to get this free report >>
BELO CORP (BLC): Free Stock Analysis Report
COMCAST CORP A (CMCSA): Free Stock Analysis
PHOENIX NEW MED (FENG): Free Stock Analysis
TIME WARNER CAB (TWC): Free Stock Analysis
To read this article on Zacks.com click here.