Benzinga | Aug 2, 2021 07:57AM EDT

Analysts Raise Charter Communications' Price Target Post Q2 Earnings Beat

* Keybanc retained Overweight on Charter Communications Inc (NASDAQ:CHTR) and raised the price target to $869, implying a 16.8% upside.

* Pivotal Research analyst Jeffrey Wlodarczak raised the price target to $820 from $800, implying a 10.2% upside, and affirmed a Buy rating.

* Charter reported a strong, materially better than expected Q2 result, Wlodarczak notes.

* He continues to believe the market underestimates the advantage/still material upside from Charter controlling the dominant fixed methodology that consumers access the Internet in the vast majority of its footprint.

* Price action: CHTR shares closed higher by 4.24% at $744.05 on Friday.