Charter Communications Q1 2024 Earnings Forecast Reduced by KeyCorp Analyst

Recent updates from equity research analysts reveal that KeyCorp has trimmed its Q1 2024 earnings projections for Charter Communications, Inc. (NASDAQ:CHTR). On January 2nd, KeyCorp analyst B. Nispel adjusted their earnings per share estimate for the upcoming quarter from the previously expected $7.44 down to $7.22. This revision follows a comprehensive analysis of the company's financial outlook.

Analyst Ratings and Price Targets

Charter Communications has also been the subject of reports by other analysts. StockNews.com initiated coverage with a "hold" rating, while Rosenblatt Securities decreased their price target with a "buy" recommendation. Wells Fargo & Company upgraded the stock to an "overweight" rating, raising their price target considerably. On the other hand, Morgan Stanley decreased their price target but maintained an "equal weight" rating, and Benchmark likewise lowered their target but still recommended a "buy." Overall, Charter Communications holds a "Moderate Buy" consensus rating with a target price averaging at $484.95 across various analysts.

Charter Communications' Market Performance

The stock recently traded lower, with Charter Communications opening at $375.75. The company's financial health shows a mix of ratios that highlight its operational and financial position, including a current and quick ratio of 0.33 and a significant debt-to-equity ratio. With a market capitalization of over $55 billion, Charter Communications continues to navigate through the market's ebbs and flows. The stock's average prices have fluctuated, but the company maintains a steady performance with a notable return on equity and net margin.

Corporate and Institutional Developments

In recent corporate news, Charter Communications' Chairman Thomas Rutledge went through a considerable stock sale, which was promptly disclosed to the SEC. Institutional investors have also seen activity, with various funds adjusting their stakes in the company during the latest quarter, reflecting ongoing financial maneuvers by major players in the market.

About Charter Communications

Charter Communications Inc., is a prominent broadband connectivity and cable operator, providing diverse services ranging from internet, video, and voice to enhanced WiFi solutions and Spectrum services. The company aims to deliver high-quality connectivity and entertainment offerings to its residential and commercial customers throughout the United States.

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