Assessing Charter Communications: Insights From 11 Financial Analysts
Portfolio Pulse from Benzinga Insights
Charter Communications (NASDAQ:CHTR) has been evaluated by 11 financial analysts over the last three months, showing a diverse range of opinions. Recent ratings indicate a shift towards a more cautious stance, with no bullish ratings in the last 30 days compared to previous months. The average 12-month price target for CHTR has been adjusted to $347.91, marking a 12.41% decrease from the prior average. Analysts from firms including Wells Fargo, Barclays, and JP Morgan have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Charter Communications, a major player in the cable industry, has shown impressive financial performance with significant revenue growth and strong profitability metrics, despite challenges in debt management.
April 05, 2024 | 4:00 pm
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NEUTRAL IMPACT
Charter Communications has seen a diverse range of analyst opinions, with recent trends indicating a more cautious outlook. The average price target has been lowered to $347.91, reflecting a 12.41% decrease. Despite this, CHTR's financial performance remains robust, with significant revenue growth and strong profitability metrics.
The mixed analyst ratings and the recent decrease in the average price target suggest a cautious outlook for CHTR in the short term. However, the company's strong financial performance, including revenue growth and profitability, may mitigate negative impacts and provide a stable foundation. The score is neutral due to these balancing factors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100