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Fly News Breaks for September 19, 2019
CMCSA, CHTR, ATUS
Sep 19, 2019 | 07:38 EDT
Guggenheim analyst Mike McCormack said he expects video adds to remain under pressure at cable companies amid continued programming pressure and customer defections. However, seasonality should help broadband trends in Q3, said the analyst, who expects both Altice USA (ATUS) and Charter (CHTR) to see accelerating gains year-over-year and for Comcast (CMCSA) to report slightly weaker, but still strong, broadband additions. He keeps Buy ratings on all three cable companies. McCormack has an unchanged $52 price target on Comcast, raised his Altice target to $33 from $32 and increased his Charter target to $488 from $440.
News For ATUS;CHTR;CMCSA From the Last 2 Days
CHTR
Mar 28, 2024 | 06:55 EDT
UBS lowered the firm's price target on Charter to $325 from $360 and keeps a Neutral rating on the shares. The firm expects Q1 results to reflect higher broadband subscriber losses as Affordable Connectivity Program gross adds slow while revenues and EBITDA grow 0.4% and 1.7%, respectively, supported by price increases and easier cost comparisons, the analyst tells investors in a research note.