Citi Reiterates Buy Rating On TW Telecom

According to Citi, TW Telecom TWTC Buy rating is reiterated. Citi said that it met with TW Telecom's management team in Denver in addition to some additional private & public Telco providers that serve Business and Wholesale (B&W) customers. “CenturyLink's efforts to expand into Cloud computing and need to build further revenue momentum in the B&W category could lead CTL to consider further CLEC acquisitions within the next 18 months, in our view, to build deeper metro-fiber access, expand and deepen its sales force to leverage its longhaul, data center and cloud assets, and reduce its last-mile connectivity costs. We believe Buy-rated TWTC and PAET could potentially be two possible acquisition candidates.” TW Telecom closed yesterday at $20.19.