KeyBanc Cuts Charter Communications (CHTR) PT, Keeps Overweight Rating

Charter Communications, Inc. (NASDAQ:CHTR) is one of the 11 Dirt Cheap Stocks to Buy According to Analysts. On October 3, KeyBanc Capital Markets lowered its price target on Charter Communications, Inc. (NASDAQ:CHTR) from $500 to $430 and kept an Overweight rating.

KeyBanc expects Charter Communications, Inc. (NASDAQ:CHTR) to have weaker broadband subscriber numbers in Q3 2025 because of strong competition in the industry. However, the firm expects fixed wireless access (FWA) and fiber net additions to grow both quarter-over-quarter and year-over-year.

KeyBanc Cuts Charter Communications (CHTR) PT, Keeps Overweight Rating

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Even with some short-term challenges, KeyBanc thinks Charter Communications, Inc.’s (NASDAQ:CHTR) current valuation is “quite compelling.”

The firm also pointed out that Charter Communications, Inc.’s (NASDAQ:CHTR) acquisition of Cox Communications would be accretive to the company’s strategic direction.

In the long term, KeyBanc believes Charter Communications, Inc.’s (NASDAQ:CHTR) costs will drop quickly after completing its Rural Digital Opportunity Fund (RDOF) build and network upgrades. This should help the company generate more free cash flow.

Charter Communications, Inc. (NASDAQ:CHTR) is an American broadband connectivity company and cable operator that provides internet, video, mobile, and voice services.

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Disclosure: None. This article is originally published at Insider Monkey.