Managed Network Services Provider Shares Upgraded to Buy
TW Telecom shares cross above its 200-day moving average.
TW Telecom, a provider of managed network services, specializing in Ethernet and data networking, Internet access, local and long distance voice, virtual private network (VPN), voice over Internet protocol (VoIP) and network security services to enterprise organizations and communications services companies throughout the United States, saw its shares upgraded from a hold rating to a buy rating in a research note to investors by analysts at Citigroup. The company's shares crossed above its 200-day moving average of $17.70 and last traded at $18.02. According to American Banking News, analysts at Citigroup now have a $21.00 price target on the stock.
"TW Telecom (NASDAQ: TWTC) traded up 0.00% during mid-day trading on Thursday. The stock has a 52 week low of $14.36 and a 52 week high of $19.63. The company has a market cap of $2.726 billion and a price-to-earnings ratio of 10.64."