LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

KeyBanc upgrades Charter Communications, says stock can rally more than 30%

Chaim Potok by Chaim Potok
December 12, 2024
in Investing
KeyBanc upgrades Charter Communications, says stock can rally more than 30%
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


KeyBanc sees multiple reasons for optimism on Charter Communications . Analyst Brandon Nispel upgraded the broadband provider to overweight from sector weight. Nispel also gave shares a $500 price target, which implies 32.1% upside from Wednesday’s close. “CHTR is well off its lows, but we think the stock can continue to work higher,” the analyst wrote to clients in a note. Nispel said Charter should see some improvement in broadband subscriptions in 2025, helped by an acceleration of rural growth. That comes despite the U.S. government’s Affordable Connectivity Program focused on discounted internet ending this year. The analyst also called the company’s cost efficiency work “under-appreciated,” which can in turn help EBITDA. What’s more, free cash flow should be able to rise as capital expenditures fall, he said. CHTR YTD mountain Charter, year to date Nispel pointed out that Charter currently trades at about 6.6 times its adjusted EBITDA estimates for 2026. That’s below the peer average of around 7.7 times, he noted. “We believe CHTR is attractively valued and expect its Broadband subscriber net adds to improve in ’25 and beyond due to the lapping of ACP, internal initiatives being put in place, CHTR’s rural build accelerating, and the overall market becoming less competitive. We also appreciate the cost initiatives CHTR has been able to implement, which are driving greater operating efficiency,” he said. Shares rose close to 1% before the bell on Thursday following the upgrade. Charter has slid 2.6% year to date, bucking the broader market’s uptrend for 2024. Analyst sentiment on the stock is mixed. Of the 26 who cover Charter, seven rate it a buy or strong buy, while 14 others have it as a hold, LSEG data shows. The remaining five analysts have an underperform or sell rating on the stock.



Source link

You might also like

Friday’s big stock stories: What’s likely to move the market in the next trading session

This original tech bellwether is trouncing the market in 2025 — and pays a solid dividend

With Trump ‘thinking about’ no capital gains taxes on home sales, here’s how to lower your bill now

Share30Tweet19
Previous Post

Dogecoin flaw exploited by hacker, crashes 69% of nodes

Next Post

Bitcoin ETF ads spotted on China’s Alipay payment app

Chaim Potok

Chaim Potok

Recommended For You

Friday’s big stock stories: What’s likely to move the market in the next trading session
Investing

Friday’s big stock stories: What’s likely to move the market in the next trading session

July 25, 2025
This original tech bellwether is trouncing the market in 2025 — and pays a solid dividend
Investing

This original tech bellwether is trouncing the market in 2025 — and pays a solid dividend

July 24, 2025
With Trump ‘thinking about’ no capital gains taxes on home sales, here’s how to lower your bill now
Investing

With Trump ‘thinking about’ no capital gains taxes on home sales, here’s how to lower your bill now

July 24, 2025
Birkenstock gets an upgrade to buy from Goldman Sachs
Investing

Birkenstock gets an upgrade to buy from Goldman Sachs

July 24, 2025
Next Post
Bitcoin ETF ads spotted on China’s Alipay payment app

Bitcoin ETF ads spotted on China’s Alipay payment app

Related News

Sarah Michelle Gellar says Ed Sheeran is ‘most talented songwriter of his time’

Sarah Michelle Gellar says Ed Sheeran is ‘most talented songwriter of his time’

September 25, 2023
AI and big data tokens surge 131% amid Bitcoin rull run

AI and big data tokens surge 131% amid Bitcoin rull run

November 19, 2024
Consumer spending accelerated in January, Bank of America says, citing card data

Consumer spending accelerated in January, Bank of America says, citing card data

February 10, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?