Deutsche Bank Maintains Buy on Time Warner Cable

Deutsche Bank is out with its report on Time Warner Cable TWC, maintaining Buy. In a note to clients, Deutsche Bank writes, "We see healthy cable sector trends (stable competition, SMB scaling, stable margins, dramatically improving user interface and on-demand content, pricing power in broadband, telecom share gains, bullish transition to IP video, moderating capital intensity), while over-the-top cord cutting fears should moderate as usage-based broadband kicks off later this yr. TWC shares look inexpensive (10x ‘12E FCF) and we see a 14% return of capital this yr (shr repurchases + dividends)." Deutsche Bank maintains a $92 PT on TWC. Shares of TWC closed Friday at $78.78, up 0.47% from Thursday's close.