Market Overview

UPDATE: Deutsche Bank Initiates Coverage on Charter Communications with Hold Rating, $83 PT

Share:
Related CHTR
Argus Sees Regulatory Conditions On Charter's Acquisitions Having Minimal Impact On Achieving Synergies
13F Recap: Tiger Global Sells Out Of Netflix, Still Riding Amazon
Guggenheim resumes coverage on Charter (Seeking Alpha)

In a report published Friday, Deutsche Bank initiated coverage on Charter Communications (NASDAQ: CHTR) with a Hold rating and $83.00 price target.

Deutsche Bank noted, “Numerous operational changes intended to position CHTR, the 3rd largest U.S. cable provider, for accelerated long-term growth and improved profitability per customer and home passed could prove disruptive in the short-term, including for sub growth (sales force incentives were redesigned), pricing growth (pricing was completely revamped) and margins (many outsourced functions are being brought back in-house). We prefer greater visibility on the near-term impact from the new operational strategies before being willing to more aggressively discount what we see as a potentially terrific long-term growth opportunity at CHTR under new, highly capable senior management.”

Charter Communications closed on Thursday at $77.75.

Latest Ratings for CHTR

DateFirmActionFromTo
Aug 2016Guggenheim SecuritiesAssumesBuy
Aug 2016BarclaysMaintainsEqual-weight
Aug 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Analyst Ratings

 

Related Articles (CHTR)

View Comments and Join the Discussion!