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

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

Nasdaq 100 momentum unmatched since 1999 so brace for a shakeout, says BTIG

This big bank stock still has upside ahead despite its 20% year-to-date rally, investor says

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

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

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

July 22, 2025
Nasdaq 100 momentum unmatched since 1999 so brace for a shakeout, says BTIG
Investing

Nasdaq 100 momentum unmatched since 1999 so brace for a shakeout, says BTIG

July 21, 2025
This big bank stock still has upside ahead despite its 20% year-to-date rally, investor says
Investing

This big bank stock still has upside ahead despite its 20% year-to-date rally, investor says

July 21, 2025
This is one of the most attractive opportunities for income, Vanguard says. Here’s what the firm likes
Investing

This is one of the most attractive opportunities for income, Vanguard says. Here’s what the firm likes

July 21, 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

Trump plans executive order making crypto a national priority: Report

Trump plans executive order making crypto a national priority: Report

January 17, 2025
Nearly all doctors feel burnout, but many are encouraged by potential of AI, survey says

Nearly all doctors feel burnout, but many are encouraged by potential of AI, survey says

February 21, 2024
Major investor coalition calls on G20 to revise agricultural subsidies

Major investor coalition calls on G20 to revise agricultural subsidies

August 23, 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?