Benchmark Maintains Buy Rating for Charter Communications: Here's What You Need To Know

Benchmark has decided to maintain its Buy rating of Charter Communications CHTR and raise its price target from $575.00 to $600.00.

Shares of Charter Communications are trading up 0.21% over the last 24 hours, at $453.62 per share.

A move to $600.00 would account for a 32.27% increase from the current share price.

About Charter Communications

Charter is the product of the 2016 merger of three cable companies, each with a decades-long history in the business: Legacy Charter, Time Warner Cable, and Bright House Networks. The firm now holds networks capable of providing television, internet access, and phone services to roughly 56 million U.S. homes and businesses, around 40% of the country. Across this footprint, Charter serves 30 million residential and 2 million commercial customer accounts under the Spectrum brand, making it the second-largest U.S. cable company behind Comcast. The firm also owns, in whole or in part, sports and news networks, including Spectrum SportsNet (long-term local rights to Los Angeles Lakers games), SportsNet LA (Los Angeles Dodgers), SportsNet New York (New York Mets), and Spectrum News NY1.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.