NEW YORK (TheStreet) -- Shares of Time Warner Cable Inc. (TWC) are sliding, down 3.51% to $138.56 in morning trading Monday, after President Barack Obama called for the Federal Communications Commission to implement the "strongest possible rules to protect net neutrality."
Obama said the FCC should create a new set of rules to make sure that cable and phone companies will not be able to act as gatekeepers, restricting what users do or view online. He outlined rules including no blocking of content, no throttling of content speeds, increased transparency between consumers and Internet service providers, and no paid prioritization.
Net neutrality refers to the principle that Internet Service Providers and governments should treat all data online equally without discriminating or charging different costs by user, content, site, platform, application, type of attached equipment, or mode of communication.
Must Read: Warren Buffett's 25 Favorite Stocks
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:
"We rate TIME WARNER CABLE INC (TWC) a BUY. This is driven by several positive factors, 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, reasonable valuation levels, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."