Evercore analyst Kutgun Maral maintains $Charter Communications (CHTR.US)$ with a buy rating, and adjusts the target price from $460 to $450.
According to TipRanks data, the analyst has a success rate of 48.1% and a total average return of 1.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Charter Communications (CHTR.US)$'s main analysts recently are as follows:
Sustained competition and the anticipation of decelerated EBITDA growth in 2025 are factors influencing the neutral stance on Charter's shares. The firm anticipates that Q4 will experience comparable EBITDA growth, with the positive effects of price increments and profitable political advertising being partially counterbalanced by the impacts of hurricanes. Looking ahead to 2025, the environment is expected to be more challenging as the influence of political advertising recedes and competitive pressures persist.
Expectations are set for Charter's customer trends to improve in 2025 compared to 2024, which should act as a tailwind. The extent of this positive influence will hinge on Charter's capability to slightly increase its adjusted EBITDA growth, transforming its leverage from a potential investment risk to a beneficial investment attribute.
The underlying broadband net additions for Charter have shown a significant improvement when seasonal or one-time benefits are excluded. Momentum is anticipated to increase due to the compelling pricing and packaging of the newly introduced 'Life Unlimited' marketing strategy. Additionally, the capital expenditure forecast is becoming more moderate, and the management's indication that BEAD expenditure will be much lower than RDOF substantially mitigates the risk associated with forecasts for the upcoming years.
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