Jefferies Raises Price Target on Charter Communications (CHTR) to $280

November 4, 2016 10:17 AM EDT
Get Alerts CHTR Hot Sheet
Price: $306.13 +0.80%

Rating Summary:
    22 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies reiterated a Hold rating on Charter Communications (NASDAQ: CHTR), and raised the price target to $280.00 (from $244.00), following the company's 3Q.

Analyst Mike McCormack commented, "Despite modestly weaker sub metrics and in-line revenue, Charter reported strong EBITDA growth as synergies appear to be coming at a faster pace. While navigating a complex integration, the company is executing at a high level, though still faces heavy lifting in all-digital and Spectrum deployments across the acquired base. The elevated synergy outlook provides comfort, helping fund investments and to mitigate the costs of in-sourcing still to come."

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 $247.42 yesterday.

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