Jefferies Downgrades Charter Communications (CHTR) to Hold

Jefferies downgraded Charter Communications (NASDAQ: CHTR) from Buy to Hold with a price target of $175.00 (from $160.00).

Analyst Mike McCormack comments, "We downgrade shares of CHTR from Buy to Hold, remove it from our Franchise Pick list, but raise our 2014 year-end price target from $160 to $175. In our view, shares reflect the opportunity to improve penetration while benefitting from the transactions with CMCSA-TWC. In addition, a lengthy regulatory review and complex integration could delay realization of these benefits. We expect CHTR to remain acquisitive, but foresee a pause given near-term challenges."

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 $163.98 yesterday.

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