Time Warner Cable Inc (TWC): Media's Featured Daily Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model .
Time Warner Cable ( TWC) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Time Warner Cable fell $1.60 (-1.6%) to $95.97 on average volume. Throughout the day, three million shares of Time Warner Cable exchanged hands as compared to its average daily volume of 2.9 million shares. The stock ranged in price between $95.43-$97.79 after having opened the day at $97.49 as compared to the previous trading day's close of $97.57. Other companies within the Media industry that declined today were: Envoy Capital Group ( ECGI), down 12.5%, VisionChina Media ( VISN), down 5.1%, McClatchy Company ( MNI), down 4%, and Dolan ( DM), down 3.3%.
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Time Warner Cable Inc., together with its subsidiaries, offers video, high-speed data, and voice services to residential and business service customers over its broadband cable systems in the United States. Time Warner Cable has a market cap of $28.8 billion and is part of the services sector. The company has a P/E ratio of 14.1, below the S&P 500 P/E ratio of 17.7. Shares are up 0.4% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate Time Warner Cable a buy, no analysts rate it a sell, and seven rate it a hold.
TheStreet Ratings rates Time Warner Cable as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, reasonable valuation levels, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Time Warner Cable Ratings Report .
On the positive front, Media General ( MEG), up 8%, Gray Television ( GTN.A), up 7.4%, Inuvo ( INUV), up 7.3%, and Gray Television ( GTN), up 5.4%, were all gainers within the media industry with News Corporation ( NWSA) being today's featured media industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).