NEW YORK (TheStreet) -- Jefferies raised its price target on Time Warner Cable  (TWC) stock to $212 from $197 on Friday. The firm maintained its "hold" rating.

The cable service provider reported 2015 third quarter earnings yesterday before the market open of $1.62 per share, beating estimates of $1.57 per share. Time Warner Cable reported revenue of $5.92 billion, lower than estimates of $5.96 billion.

The company also reported an increased number of subscribers, which was driven by increased promotional activity and less competition from telecommunication peers, Jefferies said.

"TWC is delivering the subscriber gains promised as part of its strategic plan," Jefferies added. "The company has exhibited continued improvement in PSU growth and is on track to deliver positive video adds in 2015, a target we previously questioned."

Shares of Time Warner Cable were down 0.44% to $190.98 in early afternoon trading on Friday.

Separately, TheStreet Ratings team rates TIME WARNER CABLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

TST Recommends

We rate TIME WARNER CABLE INC (TWC) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: TWC

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