Charter Communications Analysts Increase Their Forecasts After Upbeat Q2 Earnings
Portfolio Pulse from Avi Kapoor
Charter Communications Inc (NASDAQ:CHTR) reported better-than-expected Q2 2024 financial results, with revenue and EPS surpassing analyst estimates. Despite losing residential Internet and video customers, the stock gained 16.6%. Analysts have raised their price targets for the stock.
July 29, 2024 | 12:39 pm
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Charter Communications reported better-than-expected Q2 2024 results, with revenue of $13.69 billion and EPS of $8.49, both beating analyst estimates. Despite losing residential Internet and video customers, the stock gained 16.6%. Analysts have raised their price targets.
The better-than-expected financial results and raised price targets by multiple analysts are likely to positively impact Charter Communications' stock price in the short term. The stock has already gained 16.6% following the announcement, indicating strong investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100