UBS Upgrades Time Warner Cable to “Buy” (TWC)

Filed in Gold, Gold Investing, shares, ubs by on May 10, 2010 0 Comments

Cable TV and Internet operator Time Warner Cable Inc. ( TWC ) saw its rating and price target boosted on Monday bu analysts at UBS. The firm raised its rating on TWC to “Buy” from “Neutral,” while lifting its price target on the stock to $57. UBS said that economic improvements as well as a competitive environment should be growth drivers for the company. Time Warner Cable shares, which had closed at $49.47 on Friday, rose $1.53, or +3.1%, in premarket trading Monday. 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 3.23% dividend yield, based on Friday’s closing stock price of $49.47. 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 .

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UBS Upgrades Time Warner Cable to “Buy” (TWC)

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