Market Overview

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

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

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!