UBS Raises PT On Charter Communications
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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.