Charter Communications, Inc.’s Stock Price Soars to $339.03, Marking a Robust 3.55% Increase

Charter Communications, Inc. (CHTR)

339.03 USD +11.61 (+3.55%) Volume: 1.07M

Charter Communications, Inc.’s stock price shows a promising gain of +3.55% this trading session, currently standing at 339.03 USD with a trading volume of 1.07M. Despite a year-to-date percentage change of -12.77%, CHTR’s stock performance remains a key point of interest for investors.

Latest developments on Charter Communications, Inc.

Charter Communications (NASDAQ:CHTR) saw a rise in its stock price today after Citi upgraded its rating to ‘neutral’. This follows the early renewal agreement between Warner Bros. Discovery and Charter, which added Max and Discovery+ to Charter’s video bundle. The deal, which further reimagines the future of video, includes free streaming services for subscribers. This landmark deal has also led to a surge in Warner Bros. Discovery stock. Charter’s CEO has been vocal about the value of including streaming services in carriage deals, and with the addition of Max, HBO, and Discovery+, Charter is set to enhance its offerings and attract more customers.

Charter Communications, Inc. on Smartkarma

Analysts on Smartkarma have varying views on Charter Communications. Value Investors Club recommends going long on Charter stock, citing a potential 50% upside with a target price of $431. Despite weak 4Q23 results, the company’s low valuation is seen as an opportunity for growth as it completes a network upgrade and expands its footprint. On the other hand, Value Investors Club‘s bearish report highlights Charter’s narrowing competitive advantage in the cable industry due to new rivals like fiber overbuilders and fixed wireless providers. The company’s aggressive capital allocation approach is raising doubts about its investment potential and future outlook.

A look at Charter Communications, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Charter Communications, Inc. has a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in terms of growth and momentum, with scores of 4 for both factors, it lags behind in value and resilience, scoring 3 and 2 respectively. The company’s dividend score is the lowest at 1. Overall, Charter Communications seems to have promising growth potential and strong momentum in the market.

As a cable telecommunications company, Charter Communications, Inc. provides a range of services including cable broadcasting, internet, voice, and mass media services to customers in the United States. Despite facing some challenges in terms of value and resilience, the company’s strong growth and momentum scores indicate a positive long-term outlook. Investors may want to keep an eye on Charter Communications for potential opportunities in the future.

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