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UBS Raises PT On Charter Communications

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In a research note released Monday, UBS analyst John C. Hodulik increased his price target on Charter Communications (NASDAQ: CHTR) from $148 to $200.

The increase in the price target primarily occurred due to a couple of factors, such as Charter converting to all-digital by the end of 2014, the abilities of its assets improving, application of triple playbook and increased penetration of video, high-speed data and voice. In addition, the company is improving its margins.

As Charter swaps with Comcast, the increase of three million subscribers will improve its geographic concentration and will grow its customer base by 32 percent.

As for the industry in general, the analyst remains bullish.

Shares of Charter closed up 0.74 percent on Monday.

Latest Ratings for CHTR

DateFirmActionFromTo
May 2015Canaccord GenuityMaintainsBuy
Apr 2015Morgan StanleyInitiates Coverage onOverweight
Apr 2015JefferiesMaintainsHold

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

Posted-In: John C. Hodulik UBSAnalyst Color Price Target Analyst Ratings

 

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