Market Overview

UBS Raises PT On Charter Communications

Share:
Related CHTR
The Most Compelling Hail Mary For Comcast: Charter
How One Wall Street Veteran Trades Around Earnings Reports And The Fed

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.

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: John C. Hodulik UBSAnalyst Color Price Target Analyst Ratings

 

Related Articles (CHTR)

View Comments and Join the Discussion!