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Fly News Breaks for November 5, 2019
CHTR
Nov 5, 2019 | 08:34 EDT
Argus analyst Joseph Bonner raised his price target on Charter to $525 after its "solid" Q3 results, with "strong" revenue growth reported in the company's Internet and Commercial segments. The analyst further cites the company's recent network upgrades to offer "super-fast internet" and its efforts to lower costs, along with its launch of the Spectrum Mobile wireless service that should give customers "one more reason to stick with Charter." Bonner keeps his Buy rating on Charter and raises his FY19 and FY20 EPS views by 12c and 52c to $6.69 and $11.55 respectively.
News For CHTR 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.