An issue of Time Warner Cable Inc (NYSE:TWC) debt fell 2.9% against its face value during trading on Tuesday. The debt issue has a 4.5% coupon and is set to mature on September 15, 2042. The debt is now trading at $91.72 and was trading at $94.38 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
Time Warner Cable Inc (NYSE:TWC) remained flat at $209.56 during trading on Tuesday. The company had a trading volume of 49,704,180 shares. The company has a 50-day moving average of $208.28 and a 200 day moving average of $192.56. Time Warner Cable Inc has a one year low of $162.33 and a one year high of $217.91.
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Time Warner Cable Company Profile
Time Warner Cable Inc (TWC) is a provider of video, high-speed data and voice services in the United States with clustered cable systems located in approximately five geographic areas, including New York State, the Carolinas, the Midwest, Southern California and Texas. The Company operates through three segments: Residential Services, Business Services and Other Operations.
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