Canaccord Initiates Coverage On Several Cable and Broadcast Companies

Analysts at Canaccord Initiated coverage on several cable and broadcast companies Wednesday.

Greg Miller believes that the negative reports on the dying cable and pay-TV are heavily exaggerated and feels that “cable operators are in better strategic condition than most are willing to admit.”

Miller placed ratings on the following stocks:

Cablevision CVC initiated with Hold Rating; $19 price target. Shares down 0.26%
DirecTV DTV initiated with Hold rating; $95 price target. Shares down 0.24%
Dish Network DISH initiated with Hold rating; $67 price target. Shares down 0.6%
Netflix NFLX initiated with Buy rating; $550 price target. Shares up 0.11%
Time Warner Cable TWC initiated with Buy rating; $178 price target. Shares unched
Comcast CMCSA initiated with Buy rating; $62 price target. Shares up 0.15%
Charter Communications CHTR initiated with Buy rating; $182 price target. Shares up 0.74%

Of the stocks covered, Charter Communication is leading the pack up trading at $157.68, adding 0.74 percent. While Dish Network is the laggard of group trading at $65.60 down 0.52 percent.