Shares of cable and media stocks are trading lower in sympathy with Charter, which reported mixed Q4 results and reported a decline in residential internet customers.
Portfolio Pulse from Benzinga Newsdesk
Cable and media stocks are trading lower following Charter's mixed Q4 results and a reported decline in residential internet customers.
February 02, 2024 | 5:13 pm
News sentiment analysis
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NEGATIVE IMPACT
Altice USA, Inc. (ATUS) shares may trade lower in sympathy with Charter due to sector-wide concerns over declining residential internet customers.
As a company operating in the same sector as Charter, Altice USA, Inc. (ATUS) is likely to experience negative sentiment among investors due to Charter's reported decline in residential internet customers and mixed Q4 results, reflecting broader industry challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cable One, Inc. (CABO) shares may face downward pressure due to industry-wide concerns highlighted by Charter's mixed Q4 earnings and customer decline.
Cable One, Inc. (CABO), being in the same industry as Charter, is susceptible to negative market sentiment following Charter's announcement of mixed Q4 results and a decline in residential internet customers, indicating potential sector-wide issues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
WideOpenWest, Inc. (WOW) might see its stock price decline in response to Charter's mixed Q4 earnings and the reported decrease in residential internet customers.
WideOpenWest, Inc. (WOW), as a participant in the cable and media sector, is likely to be impacted by the negative investor sentiment following Charter's mixed Q4 results and the reported decline in residential internet customers, reflecting broader industry challenges.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70