Citi resumes Charter Communications coverage with 'buy' rating

Charter Communications

06/10/2025 14:12

** Citi resumes broadband and cable TV provider Charter Communications CHTR.O coverage with "buy" rating, PT at $325

** PT represents a 15.6% upside on stock's last close

** Brokerage says it attributes significant stock correction over the past few months to underperformance on broadband volume and increased competition, along with tougher YoY comparables in 2H25

** "We believe the stock can recover over the next 12 months with improving annual FCF, especially if broadband loss expectations stabilize," brokerage says

** 10 of 24 brokerages rate the stock "buy" or higher, 10 "hold" and four "sell"; their median PT is $355 - according to data compiled by LSEG

** As of last close, shares down about 18% YTD

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))