Deutsche Bank Starts Charter Communications (CHTR) at Hold

Earlier, Deutsche Bank initiated coverage on Charter Communications (NASDAQ: CHTR) with a Hold. PT $83.00.

The firm commented, "Numerous operational changes intended to position CHTR, the 3rd largest U.S. cable provider, for accelerated long-term growth and improved profitability per customer and home passed could prove disruptive in the short-term, including for sub growth (sales force incentives were redesigned), pricing growth (pricing was completely revamped) and margins (many outsourced functions are being brought back in-house). We prefer greater visibility on the near-term impact from the new operational strategies before being willing to more aggressively discount what we see as a potentially terrific long-term growth opportunity at CHTR under new, highly capable senior management."

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 $77.75 yesterday.

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