After Reaching All-Time High, Is Time Warner Cable Inc’s Near-Term Analysis Positive?

The stock of Time Warner Cable Inc (NYSE:TWC) reached all time high today, Mar, 20 and still has $316.52 target or 56.00% above today’s $202.90 share price. This indicates more upside for the $57.36B company. This technical setup was reported by Barchart.com. If the $316.52 PT is reached, the company will be worth $32.12B more. Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock decreased 0.20% or $0.41 on March 18, hitting $202.9. About 3.12M shares traded hands or 33.91% up from the average. Time Warner Cable Inc (NYSE:TWC) has risen 8.71% since August 13, 2015 and is uptrending. It has outperformed by 10.33% the S&P500.

Analysts await Time Warner Cable Inc (NYSE:TWC) to reports earnings on May, 5. They expect $1.74 earnings per share, up 5.45% or $0.09 from last year’s $1.65 per share. TWC’s profit will be $491.90 million for 29.15 P/E if the $1.74 EPS becomes reality. After $1.80 actual earnings per share reported by Time Warner Cable Inc for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Out of 18 analysts covering Time Warner Cable (NYSE:TWC), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. $225 is the highest target while $158 is the lowest. The $202.83 average target is 1.63% above today’s ($202.9) stock price. Time Warner Cable was the topic in 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “Time Warner Cable Inc. is the second-largest cable operator in the U.S. and an industry leader in developing and launching innovative video, data and voice services. They deliver their services to customers over technologically-advanced, well-clustered cable systems that pass approximately 26 million homes.”

The institutional sentiment increased to 1 in 2015 Q3. Its up 0.28, from 0.72 in 2015Q2. The ratio improved, as 57 funds sold all Time Warner Cable Inc shares owned while 232 reduced positions. 75 funds bought stakes while 215 increased positions. They now own 221.49 million shares or 5.75% less from 234.99 million shares in 2015Q2.

Deccan Value Investors L.P. holds 35.8% of its portfolio in Time Warner Cable Inc for 1.17 million shares. Salzman & Co. Inc. owns 249,143 shares or 23.09% of their US portfolio. Moreover, 3G Capital Partners Lp has 20.62% invested in the company for 1.56 million shares. The California-based Pacific Alternative Asset Management Company Llc has invested 19.99% in the stock. Taconic Capital Advisors Lp, a New York-based fund reported 2.98 million shares.

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