Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- tw telecom inc (Nasdaq: TWTC) is trading at unusually high volume Tuesday with 3.3 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 75 cents (+2.9%) at $27.09 as of 3 p.m. ET.
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Tw telecom inc has a market cap of $4 billion and is part of the technology sector and telecommunications industry. Shares are up 4% year to date as of the close of trading on Monday. tw telecom inc. engages in the provision of managed network services in the United States. The company offers data networking, converged, Internet protocol based virtual private network (IP VPN), and Internet access services. The company has a P/E ratio of 53, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates tw telecom inc as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, increase in net income, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full tw telecom inc Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
Shares of Level 3 Communications (LVLT) are now down on very heavy trading volume after the integrated communications services firm earlier said it will buy Internet services provider TW Telecom (TWTC) for over $5.6 billion.