Charter Communications Stock Jumps 5%: Why Analysts Warn Broadband Pressure Will Persist - Charter Commun

Charter Communications, Inc (NASDAQ:CHTR) stock gained by almost 5% on Monday as buyers lean into a rebound attempt in Communication Services, even while the broader tape stays mixed.

The Nasdaq is down 0.69% while the S&P 500 has shed 0.04%.

RBC Capital analyst Jonathan Atkin said Charter continues to face broadband pressure, weaker ARPU and rising costs, prompting him to lower his price target and trim financial estimates.

• Charter Communications shares are climbing with conviction. Why is CHTR stock up today?

Broadband Pressure Persists