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America's 10 Highest-Paid CEOs of 2011 (and How They Earned It)Time Warner Cable (NYSE:TWC) was started today with a HOLD rating by Citigroup. The analyst report suggests there is little upside and little downside to current prices. The target price is $42.00, which is actually about a12% return. Simultaneously, the risk factor is set as Medium Risk.
Citigroup notes a premium valuation to peers already discounts EBITDA margin expansion. The good news is that Citigroup sees little downside risk from Verizon Communications' (NYSE:VZ) FiOS and AT&T (NYSE:T) as there is only a 3% overlap in their coverage footprints. The analyst also notes that TWC is "not expected" to acquire Cablevision Systems (NYSE:CVC) because of FiOS risks in NYC and New Jersey.
Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.
Citigroup notes a premium valuation to peers already discounts EBITDA margin expansion. The good news is that Citigroup sees little downside risk from Verizon Communications' (NYSE:VZ) FiOS and AT&T (NYSE:T) as there is only a 3% overlap in their coverage footprints. The analyst also notes that TWC is "not expected" to acquire Cablevision Systems (NYSE:CVC) because of FiOS risks in NYC and New Jersey.
Jon Ogg is a partner in 24/7 Wall St., LLC; he does not own securities in the companies he covers.
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