UPDATE: Citi Downgrades Charter Communications (CHTR) to Neutral

April 9, 2021 4:01 AM EDT
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Price: $685.30 +0.49%

Rating Summary:
    25 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - April 9, 2021 4:39 AM EDT)

Citi analyst Michael Rollins downgraded Charter Communications (NASDAQ: CHTR) from Buy to Neutral with a price target of $680.00 (from $742.00).

The analyst comments "We are reducing Charter to Neutral (target lowered to $680) on our revised outlook for slower broadband and revenue growth beginning in 2022, while we continue to like the opportunities for ongoing share repurchases and margin expansion to provide support near current levels. We also updated our model to reflect accelerated 1Q21 share buyback activity to about $3.4 billion, following the last 3-months of SEC filings from Advanced Newhouse."

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 $615.16 yesterday.

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