S&P Capital IQ Reiterates its BUY Rating on Time Warner Cable

October 28 00:00 2011

NEW YORK, October 28 (RainbowNewsLine.com) – Analyst Tuna Amobi of S&P Capital IQ reiterates his BUY rating on the shares of Time Warner Cable (NYSE:TWC).

Analyst Tuna Amobi, in a research note published yesterday mentions that the company reports its Q3 EPS short of the estimates and the consensus. The results reflected expected video subscriber losses & unexpected slump in residential voice weighed on 2nd successive quarterly moderate decline in PSU’s, the analyst says. On contrary residential high-speed data sustaining well, business data & voice securing more traction, the analyst adds. Despite inline revenue growth in Q3, Time Warner Cable is poised for double digit growth of EBIT and free cash flows for 2011, according to S&P Capital IQ.