Cable & Wireless Communications (LON:CWC): Nomura Maintains “Neutral” Rating Today, Has a Target of GBX 62.00/Share


Cable & Wireless Communications (LON:CWC) Rating Reaffirmed

The brokerage firm has just set a price target of GBX 62.00 on Cable & Wireless Communications (LON:CWC) shares. This is -20.31% from the last price. In a very recent research note released on Tuesday morning, Nomura reaffirmed their “Neutral” rating on shares of CWC.

From a total of 8 analysts covering Cable Wireless Communications Plc (LON:CWC) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is GBX 1.23 while the lowest target price is GBX 0.88. The mean of all analyst targets is GBX 1.07 with a -13.04% below today’s (GBX 77.38) stock price. Cable Wireless Communications Plc was the topic of 19 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 1 with “Neutral” rating. Citigroup maintained shares with “Neutral” rating and GBX 77 target share price in a report from an October 26. Citigroup maintained CWC stock in a recent report from November 17 with “Neutral” rating. UBS maintained the rating on October 23. UBS has a “Neutral” rating and a GBX 62 price target on shares. Finally, RBC Capital Markets maintained the stock with “Outperform” rating in a report issued on a November 6.

The stock increased 2.16% or GBX 1.63 on December 1, striking GBX 77.38. Approximately 11.33M shares of stock traded hands or 5.20% up from the average. Cable and Wireless Communications Plc (LON:CWC) has risen 11.15% since May 4, 2015 and is uptrending. It has outperformed by 12.78% the S&P500.

Cable & Wireless Communications (LON:CWC): Nomura Maintains

Cable & Wireless Communications Plc is an international telecommunications service provider. The company has a market cap of 3.38 billion GBP. The Firm and its subsidiaries offer services in mobile, broadband, fixed voice, video services to consumers, and connectivity and managed services to businesses and Governments. It currently has negative earnings. The Firm operates through four divisions: Panama, LIME, BTC and Seychelles.