Aug. 17 at 8:43 PM
Charter Communications shares fell mid-session, giving back part of the 18% rally recorded last week, as investors reassessed the company’s fundamentals amid persistent broadband subscriber losses and rising debt costs. Shares traded between
$145.18 and
$152.83 after opening near
$152.
Several Wall Street firms recently cut their price targets. RBC Capital lowered its target to
$150 from
$160 while maintaining Sector Perform; UBS slashed its target to
$140 from
$235 with a Neutral rating. BofA, Bernstein, SocGen and JPMorgan also reduced targets, citing continued broadband subscriber losses, weaker average revenue per user and rising costs.
Charter’s Q2 2026 revenue fell 1.7% year over year to
$13.5 billion, while EBITDA declined 4.3% and the company lost 172,000 broadband subscribers, highlighting competition from fiber and fixed-wireless providers.
$CHTR $SPX