Wunderlich Reiterates Buy on Charter Communications (CHTR)

Wunderlich Securities reiterated a Buy rating on Charter Communications (NASDAQ: CHTR) with a price target of $160.

Analyst Matthew Harrigan said, "We remain positive on Buy-rated Charter Communications (CHTR) simply off organic growth, as it is decidedly gaining network and product bouquet advantages as its all-digital transition proceeds."

"Our S&P 500 linked $160 target is only off in-house upside with no M&A provision. We regard CEO Tom Rutledge as a premier cable executive off his i) facility in removing transactions and concomitant process costs, ii) sense for customer satisfaction and need for better experiences such as the nascent cloud-based guide, and iii) forward thinking for new products such as broader WiFi and DOCSIS 3.1. Charter also has the advantage of being a share aggressor given its low 34% video penetration and sub 4% FiOS overlay. This note includes a Q1 preview, with gains likely to accelerate through 2014," he added.

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 $119.41 yesterday.

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