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The Most Compelling Hail Mary For Comcast: Charter

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The Most Compelling Hail Mary For Comcast: Charter
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Comcast Corporation (NASDAQ: CMCSA) is frequently rumored to on one end or the other of an acquisition, and BTIG suggested Thursday that it may now be looking to purchase Charter Communications, Inc. (NASDAQ: CHTR).

“We believe Comcast has unique opportunity to make a transformative acquisition given current regulatory landscape,” analyst Rich Greenfield wrote.

The firm identified possible targets in Charter, Verizon Communications Inc. (NYSE: VZ), Walt Disney Co (NYSE: DIS), Netflix, Inc. (NASDAQ: NFLX), T-Mobile US Inc (NASDAQ: TMUS) and Snap Inc (NYSE: SNAP).

“We think most compelling Hail-Mary would be CHTR, even if regulatory approval odds are at best 50 percent,” Greenfield wrote.

Charter, which purchased Time Warner Cable and Bright House Networks in 2016, has long been eyed as a possible acquisition target, with chatter generally involving Verizon.

Comcast was trading up 1.4 percent and Charter 0.9 percent at the time of publication.

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Image Credit: By Dwight Burdette (Own work) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons

Latest Ratings for CHTR

DateFirmActionFromTo
Jul 2017Morgan StanleyMaintainsOverweight
Jun 2017OppenheimerInitiates Coverage OnPerform
May 2017Wells FargoDowngradesOutperformMarket Perform

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View the Latest Analyst Ratings

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