Market Overview

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

Related CHTR
Benzinga's Top Initiations
DISH Petitions FCC to Deny Charter/Time Warner Cable Merger
Charter Communications: Another Candidate For Shorting (Seeking Alpha)

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

Nov 2015SunTrust Robinson HumphreyInitiates Coverage onBuy
Aug 2015BarclaysMaintainsEqual-weight
Aug 2015MoffettNathansonUpgradesNeutralBuy

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings


Related Articles (CHTR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters