Jefferies Upgrades Charter Communications (CHTR) to Buy

March 10, 2014 6:39 AM EDT
Get Alerts CHTR Hot Sheet
Price: $555.00 -1.52%

Rating Summary:
    21 Buy, 16 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 37
Trade Now! 
Join SI Premium – FREE
Jefferies upgraded Charter Communications (NASDAQ: CHTR) from Hold to Buy with a price target of $150.00 (from $125.00).

Analyst Mike McCormack said, "While shares have lagged following a failed bid to acquire TWC, we believe the market is discounting CHTR's operational momentum, FCF growth, and likely leadership in further consolidation. Our revised PT embeds no M&A benefits, yet we see double digit FCF/share growth from potential acquisitions, lending further support should M&A materialize."

The firm raised FY 2014 EPS from $1.23 to $1.77 and FY 2015 EPS from $3.39 to $3.92/

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 $127.00 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change, Hot Upgrades, Upgrades

Related Entities

Jefferies & Co, Definitive Agreement