Movement Alert｜Charter Falls 5.25% in Regular Trading, Pressure Persists After Latest Analyst Target Cut

Market Focus10-27

On October 27, Charter fell 5.25% in Regular Trading, trading at $102.92 per share, with turnover of $126 million.

The most recent clear catalyst in the available information was MoffettNathanson’s October 23 price-target reduction on Charter to $490 from $700, adding to a string of earlier target cuts from Bernstein, BNP Paribas, Arete Capital, Goldman Sachs, and Wolfe Research.

That broader reset in analyst expectations came after a period marked by Charter’s completed Cox transaction, financing activity tied to the deal, and continued concern around broadband subscriber losses and competitive pressure. A late-September analyst note said third-quarter results were likely to show steeper broadband losses even as financial trends improve modestly, while the company also disclosed in September that its CFO would step down in October.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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