Market Overview

UPDATE: ISI Group Reiterates Buy Rating, Raises PT on Charter Communications

Share:
Related CHTR
T-Mobile: Market Share Gains Continue, Time To Talk M&A?
The Most Compelling Hail Mary For Comcast: Charter

In a report published Monday, ISI Group reiterated its Buy rating on Charter Communications (NASDAQ: CHTR), and raised its price target from $85.00 to $88.00.

ISI Group noted, “Charter increased video prices by $2/month in March'12 and they also had a substantive overhaul of their packages in the middle of 2012. Letters have just been sent out to customers, with an aim toward creating uniform national pricing. The increases will take place in mid- to late-February, and will vary by area. A significant majority of customers will see an increase. Charter is not changing voice pricing though, but Internet service will increase by up to $5/month, and video rate increases will range from $0 to $5/month. The Broadcast TV surcharge increase will vary, but will bring everyone nationwide up to $2.15/month. Charter has fewer price lock guarantees than previously, but those who are still under them won't see price increases until their lock-up period is over. There will be an increase in the equipment fee (HD/DVR) of $5/TV outlet, which will now be $5.99/month.”

Charter Communications closed on Friday at $80.68.

Latest Ratings for CHTR

DateFirmActionFromTo
Apr 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Feb 2017Moffett NathansonDowngradesBuyNeutral
Feb 2017Telsey Advisory GroupDowngradesOutperformMarket Perform

View More Analyst Ratings for CHTR
View the Latest Analyst Ratings

Posted-In: ISI GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (CHTR)

View Comments and Join the Discussion!