Cable TV and Internet provider Time Warner Cable Inc. ( TWC
The firm raised its 2010 and 2011 EPS estimates for TWC to $3.41 and $4.10, respectively. Barclays cited an expected share buyback plan for the higher earnings per share forecast. The analyst left its "Neutral" rating and $55 price target for the stock unchanged.
Time Warner Cable shares, which closed at $54.89 on Wednesday, were mostly flat in premarket trading Thursday.
The Bottom Line
We have been recommending shares of TWC since Feb.3, when the stock was trading at $44.99. The company has a 2.91% dividend yield, based on last night's closing stock price of $54.89.
Time Warner Cable Inc. ( TWC ) is a "recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.
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