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Fly News Breaks for October 23, 2018
ATUS, CHTR, DISH, CMCSA
Oct 23, 2018 | 16:48 EDT
Guggenheim analyst Mike McCormack assumed coverage of select Cable & Satellite Services companies with a positive outlook, saying that while each company is facing "video headwinds", they also offer shared catalysts of "the demand for broadband connectivity, increasingly faster speeds, and new wireless products". The analyst assumes Altice USA (ATUS), Charter (CHTR) and Dish (DISH) with Buy ratings and Comcast (CMCSA) with a Neutral rating, adding that its "business is in transition" with core risks around domestic and international operations. McCormack puts a $23 price target on Altice USA, $400 price target on Charter, $38 price target on Comcast, and a $50 price target on Dish, adding that the "importance of the bundle is diminishing" and the focus shifts to the scope of connectivity coverage. The analyst also expects the "younger demographic" to continue to seek out "lower cost, apps-based alternatives, with an eye towards free/cheap, but high-demand content".
News For ATUS;CHTR;DISH;CMCSA From the Last 2 Days
CHTR
Mar 28, 2024 | 06:55 EDT
UBS lowered the firm's price target on Charter to $325 from $360 and keeps a Neutral rating on the shares. The firm expects Q1 results to reflect higher broadband subscriber losses as Affordable Connectivity Program gross adds slow while revenues and EBITDA grow 0.4% and 1.7%, respectively, supported by price increases and easier cost comparisons, the analyst tells investors in a research note.