Charter Communications (CHTR) Earnings Preview - Baird

Baird analyst William Power reiterated an Outperform rating and $775.00 price target on Charter Communications (NASDAQ: CHTR) on the belief that the company will report healthy HSD (high-single-digit) net adds in 2Q21.

The analyst stated "Continued HSD share gains, in combination with robust mobile growth as well as sound expense controls, should drive strong financial results, in our view. Additionally, based on Advance/Newhouse filings to date for the quarter, we estimate that the company has repurchased nearly $3bn in shares through May. It is clear that CHTR is taking advantage of its robust EBITDA growth while maintaining leverage at the higher end of 4-4.5x targeted range and driving accelerated buybacks. As such, we raise our buyback estimate for 2Q21 to $4bn (vs. $3bn prev.) and also raise our 2021 buyback estimate to $14bn (vs. $13bn prev.)."

For an analyst ratings summary and ratings history on Charter Communications click here. For more ratings news on Charter Communications click here.

Shares of Charter Communications closed at $729.54 yesterday.

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