UBS on Charter Communications; PT Jumps From $148 to $200

In a research note released Monday, UBS analyst Eun. K. Yang increased his price target on Charter Communication, Inc.

from $148.0 to $200.0. 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 have improved, 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 3.0 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 the company are up 0.95 percent on Monday and are up 11 percent year-to-date.