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Charter (CHTR) Seen Winning from Comcast (CMCSA)/Time Warner (TWC) Divestitures - Jefferies

April 23, 2014 6:50 AM EDT
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Price: $296.18 --0%

Rating Summary:
    17 Buy, 23 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 37
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Jefferies analyst Mike McCormack reiterated a Buy rating and $150 price target on Charter Communications (NASDAQ: CHTR) following a Wall Street Journal article suggesting that Comcast (NASDAQ: CMCSA) is nearing a deal with Charter to sell approximately 4mn subscribers should Comcast succeed in acquiring Time Warner Cable (NYSE: TWC) via a complex two-stage transaction.

"We view such a transaction a win for both companies, and in particular for Charter as a transaction could yield double digit FCF/share accretion, even under conservative assumptions," McCormack said.

For an analyst ratings summary and ratings history on Charter Communications click here. For more ratings news on Charter Communications click here.

Shares of Charter Communications closed at $126.96 yesterday.



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