Market Overview

UPDATE: ISI Group Reiterates Buy Rating, Raises PT on Charter Communications

Share:
Related CHTR
Stephen Mandel's Lone Pine Capital Loves Tech, Consumer Stocks
Buffett's Berkshire Raises Stakes In Charter, Visa, GM; Opens New Stakes In 21st Century Fox, Restaurant Brands

In a report published Monday, ISI Group reiterated its Buy rating on Charter Communications (NASDAQ: CHTR), and raised its price target from $85.00 to $88.00.

ISI Group noted, “Charter increased video prices by $2/month in March'12 and they also had a substantive overhaul of their packages in the middle of 2012. Letters have just been sent out to customers, with an aim toward creating uniform national pricing. The increases will take place in mid- to late-February, and will vary by area. A significant majority of customers will see an increase. Charter is not changing voice pricing though, but Internet service will increase by up to $5/month, and video rate increases will range from $0 to $5/month. The Broadcast TV surcharge increase will vary, but will bring everyone nationwide up to $2.15/month. Charter has fewer price lock guarantees than previously, but those who are still under them won't see price increases until their lock-up period is over. There will be an increase in the equipment fee (HD/DVR) of $5/TV outlet, which will now be $5.99/month.”

Charter Communications closed on Friday at $80.68.

Latest Ratings for CHTR

DateFirmActionFromTo
Feb 2015Moffett NathansonDowngradesBuyNeutral
Feb 2015WunderlichMaintainsBuy
Nov 2014JefferiesMaintainsHold

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (CHTR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→