Charter Communications (CHTR) PT Bumped to $289 at Macquarie

September 28, 2016 7:46 AM EDT
Get Alerts CHTR Hot Sheet
Price: $244.10 -1.83%

Rating Summary:
    20 Buy, 9 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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Macquarie analyst Amy Yong raised her price target on Outperform-rated Charter Communications (NASDAQ: CHTR) to $289.00 (from $286.00), saying while there have been a few bumps in the road, management is paving the way to long-term sustainable growth.

Yong commented, "Trucks are rolling out Spectrum to 40% of the country by year-end and 100% by March '17. These investments are laying the ground work for an acceleration in product development and industry-leading offerings in video, ad, and wireless. Our target goes to US$289 based on 16x ’18E FCF/sh of ~US$18/sh."

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 $275.40 yesterday.

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