Time Warner Cable Inc. (TWC) was a big mover last session, as the company saw its shares rise almost 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $116.88 to $123.51 in the past one-month time frame.
This popular cable TV company has seen 7 negative revisions in the past one month. The Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Time Warner Cable currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Comcast Corporation (CMCSA), which carries a Zacks Rank #2 (Buy), is the only better-ranked stock in the cable TV industry at the moment. However, investors interested in the broadcast-radio/TV industry may also consider stocks like Belo Corp. (BLC) and Phoenix New Media Limited (FENG). While Belo Corp retains a Zacks Rank #1 (Strong Buy), Phoenix New Media carries a Zacks Rank #2.