Time Warner Cable Inc (NYSE:TWC) Stock Surge By 3.95%


Dallas, Texas 11/27/2013 (Financialstrend) – Cox Communications is also now thinking of joining the bidding war for Time Warner Cable Inc (NYSE:TWC). It might do this either independently or with someone else, said some people who were familiar with this situation. After Time Warner Cable Inc (NYSE:TWC), Cox Communications is the 3rd largest cable operator and has approximately 4.5M TV subscribers. This ranks it a little up in the ladder above Charter Communications. The latter has been seeking to acquire Time Warner Cable Inc (NYSE:TWC). John Malone’s Liberty Media Corporation is backing Charter communications. 

Tuesday’s trading

In Tuesday’s trading, Time Warner Cable Inc (NYSE:TWC) increased by 3.95%. The shares opened had an opening price of $131.25, which rose to the intraday high of $139.17 and then moved to close at $136.56. Approximately 6.86M shares were exchanged in Tuesday’s trading session and the average-volume of 2.38M shares were traded over 30 days. The 52-week low of the company’s shares is $84.57 and its 52-week high of Time Warner Cable Inc (NYSE:TWC) is $139.17. Time Warner Cable Inc (NYSE:TWC) has a market cap of $39.03 billion.

About the company

Time Warner Cable Inc (NYSE:TWC) is a company that provides high-speed data and voice-services across the United States. Time Warner Cable Inc (NYSE:TWC)’s systems are located in 5 different geographic regions: one- New York State, two- the Carolinas, three- Ohio, four- Southern California and five- Texas.

As of the 3st of December 2011, Time Warner Cable Inc (NYSE:TWC) served almost 14.5m customers across these regions, who had subscribed to any one or more of the company’s 3 main services. This worked out to a total of around 27.1M primary service units. Time Warner Cable Inc (NYSE:TWC) offers all its residential & business service-customers voice, video and high-speed data services via the company’s broadband cable-systems.