Charter Communications, Inc. (CHTR) Defends Cox Merger, Analysts Split on Stock Prospects

Charter Communications Inc (NASDAQ:CHTR) is one of the champion beaten down stocks to put successful according to analysts. On December 22, UBS expert John Hodulik reiterated a Hold connected Charter Communications Inc (NASDAQ:CHTR) with a $233 target.

On December 5, Charter Communications defended its projected $34.5 cardinal merger with Cox Communications from allegations it would make an net elephantine with excessive marketplace power. In a filing with the Federal Communications Commission, the companies reiterated that the woody volition not effect successful a combined institution that is an “internet gatekeeper.”

The merger volition effect successful net work supplier Cox Communications becoming the largest broadband provider, with astir 36 cardinal broadband subscribers and 70 cardinal homes and businesses passed. According to advocacy groups, the combined institution volition beryllium a behemoth with little competition.

Meanwhile, connected December 3, CFRA analysts reiterated their pessimism astir the deal’s quality to code the industry’s underlying antagonistic trends. According to the probe firm, the institution is inactive struggling with higher subscriber losses successful broadband. Consequently, the probe steadfast has downgraded the banal to a beardown merchantability with a $165 terms target.

Charter Communications, Inc. (NASDAQ:CHTR)is a large US broadband connectivity and cablegram institution that provides high-speed internet, mobile, TV (video), and dependable (phone) services to residential and concern customers, focusing connected integrated amusement and connection solutions crossed 41 states.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.