Charter Initiated At Buy, Big Stock Buyback Or M&A In Cards?

Charter Communications (CHTR) can generate sufficient free cash flow to repurchase 25% of its current float by 2019, says RBC Capital, which initiated coverage of the No. 2 cable TV firm with an overweight rating.

RBC analyst Jonathan Atkin set a price target of 325 on Charter stock. Media baron John Malone's Liberty Broadband (LBRDA) is the biggest shareholder in Charter, which trails cable TV leader Comcast (CMCSA). Malone also controls European cable TV firm Liberty Global (LBTYA).

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Charter Communications [+]    CHTR [+]    RBC Capital [+]    RBC [+]    Jonathan Atkin [+]    John Malone [+]    Liberty Broadband [+]    LBRDA [+]    Comcast [+]    CMCSA [+]    Malone [+]    Liberty Global [+]    LBTYA [+]   

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