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

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.

Atkin maintained a Sector Perform rating on Charter and cut his price forecast to $150 from $160. He said Charter has not successfully slowed broadband subscriber losses, while ARPU declines and cost inflation have created fresh chall...