Investment bank JP Morgan has issued strong “Overweight” advice on some US cable operators to its clients. The bank says that there’s a “spectrum of opportunity” for the pay-TV and broadband businesses.

In particular, it cites Charter as warranting an “Overweight” rating and recognising the cable operator’s strength in broadband. The company is given a price target of $735/share some 11 per cent ahead of its current value.

Charter’s rival Comcast is also rated as “Overweight” although its price target of $51/share although this is more or less level with its current price of $51.12.

JP Morgan has also focused on Altice USA where there are “solid fundamentals” and the bank gives it an “Overweight” rating and a price target of $40, which is some 17 per cent up on its current value.

However, JP Morgan does not see a merger happening between Dish Network and DirecTV, and doesn’t expect significant wireless announcements from Dish in the near future.

Other posts by Chris Forrester:

1. Bank: Junk food ad ban delay boosts ITV
2. Bank: Ubisoft Q4 disappoints
3. OneWeb expects $1bn in 3-5 years
4. SES rescues 5G satellite constellation
5. Intelsat’s bankruptcy fees cost it $288m
6. SaxaVord Spaceport, Spaceport Cornwall latest
7. Satellite dispute helps Thaicom
8. Virgin Galactic signs 800 future astronauts
9. Veon at risk from Russia, Ukraine war

Categories: Blogs, Business, Inside Satellite

Tags: Charter, Comcast, JP Morgan