20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
KeyBanc Capital Markets on Monday adjusted its ratings on several Cable and Wireless stocks after analyzing first-quarter conferences and engaging in discussions with key investors.
KeyBanc analyst Brandon Nispel believes the near-term setup is most attractive for cable companies due to lower risk estimates, improving macro and competitive data points, and the potential for valuation reversion.
Among the rating changes, Nispel upgraded WideOpenWest Inc (NYSE:WOW) and Comcast Corporation (NASDAQ:CMCSA) to Overweight, while downgrading Charter Communications (NASDAQ:CHTR) to Sector Weight.
Check out more analyst ratings here.
Here’s what the analyst had to say about each stock.
WideOpenWest
Upgrade to Overweight, Price Target: $14
The analyst anticipates WideOpenWest’s return to broadband subscriber growth and progress with Greenfield expansion. The firm expects adjusted EBITDA growth of around 7% in 2024, which is strong compared to peers.
Comcast Corporation
Upgrade to Overweight, Price Target: $44
Comcast's upgrade to Overweight is based on the potential for increased Cable EBITDA margins and a stable capital intensity level. KeyBanc sees over 15% upside to its $44 price target, with share purchases adding around 6% and dividends contributing approximately 3% for a total return of about 25%.
Charter Communications
Downgrade to Sector Weight
Nispel’s downgrade is due to a lack of visibility in EBITDA margin expansion, higher costs, a lagging network upgrade, increased leverage, and limited free cash flow. The analyst said investors can achieve better exposure through a combination of WOW, CableOne Inc (NYSE:CABO), and Comcast.
Other stocks covered in KeyBanc’s analysis include Altice USA (NYSE:ATUS), Verizon Communications Inc (NYSE:VZ), AT&T Inc (NYSE:T), T-Mobile (NASDAQ:TMUS), and CableOne.
While Nispel sees various challenges and opportunities for these companies, his overall preference leans towards Cable, with T-Mobile remaining attractive in the Wireless segment.
Photo: Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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