Citigroup Reiterates Buy Rating on Charter Communications
Citigroup maintains its buy rating for Charter Communications with a $190 price target, a 33.61% upside from the current price.
Key Points
- Citigroup analyst Michael Rollins reiterated a buy rating on Charter Communications, Inc. (CHTR) with a $190 price target on June 29, 2026.
- Citigroup's $190 price target implies 33.61% upside from Charter Communications, Inc.'s ($CHTR) current $142.21 share price.
- On Monday, shares of NasdaqGS:CHTR traded near $133.64, with a market cap around $18.87 billion and a P/E ratio of 3.62.
- Peer funds like Dodge & Cox and State Street Corp adjusted their Charter positions, with State Street boosting its stake by 24.6%.
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Citigroup analyst Michael Rollins has reiterated a buy rating on Charter Communications, Inc. (NasdaqGS:CHTR) with a price target of $190 as of June 29, 2026. This reaffirmation suggests continued confidence in the telecom giant's prospects.
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Charter Communications, Inc. Stock Down 7.4%
Shares of NasdaqGS:CHTR traded near $133.64 on Monday. Charter Communications has a market cap of about $18.87 billion and a P/E ratio of 3.62. The stock has seen a 52-week low of $124.05 and a high of $422.29. Its 50-day moving average stands at $157.06, while the 200-day moving average is $208.34. The company's current ratio is 0.401, with a quick ratio of 0.325, and it has a debt-to-equity ratio of 459.53.
$CHTR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Charter Communications reported revenue of approximately $54.64 billion, with a slight negative growth of 1%. Its earnings per share (EPS) was $36.96, and it achieved a net margin of 9.03%. The return on equity (ROE) was 27.5%. The next earnings report is expected on July 24, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target cuts vs 0 raises.
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EPS & revenue
EPS missed estimates by 11.8%. Revenue missed estimates by 1.7%.
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Profit surprise
EBITDA missed by 22 percent. Operating income missed by 2 percent.
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Pre-earnings setup
Bar was low, analysts cautious going in.
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Analyst signal
4 target cuts.
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Earnings quality
Gross margin down 6.5 points. Operating margin down 0.9 points. Positive free cash flow.
Earnings Call Summary
Charter added 370,000 mobile lines and cut video losses to 60,000 from 181,000 a year ago by improving products. But broadband lost 120,000 customers as competition from fiber and fixed wireless access tightened. Total revenue fell 1 percent to $13.6 billion, and adjusted EBITDA dropped 2.2 percent due to heavy mobile costs and lower video revenue.
Guidance Charter plans to grow EBITDA slightly in 2026 and expects capital spending around 11 billion dollars. After network upgrades finish, spending should drop below 8 billion dollars yearly. They still need California approval to close the Cox deal, expected in summer.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Insider Buying and Selling at Charter Communications, Inc.
Recent insider activity includes Liberty Broadband Corp selling 31,315 shares on June 11, 2026, at an average price of $162.86. Thomas Rutledge also sold shares on May 27 and 26, at prices of $146.94 and $144.45, respectively. On the buying side, Jamal Haughton, EVP/Gen Counsel/Corp Secretary, purchased 8,972 shares on May 15, 2026.
Analysts Set New Price Targets
On June 29, 2026, Citigroup maintained a buy rating on Charter Communications with a $190 price target. Other analysts have varied views: Freedom Broker initiated coverage with a hold rating and a $167 target on June 12, 2026, while JP Morgan reinstated a hold rating with a $215 target on April 29, 2026. The consensus recommendation for Charter is a hold, with a mean price target of $239.18 among 17 analysts.
About Charter Communications
Charter Communications, Inc., headquartered in Stamford, Connecticut, is a leading broadband connectivity company in the U.S. It offers a range of services including internet, mobile, video, and voice. The company is known for its Spectrum-branded products and services, which include advanced WiFi and managed WiFi solutions. With over 91,900 employees, Charter also provides advertising services and owns local news channels.
Bottom Line
Charter Communications remains a closely watched stock, with Citigroup reaffirming its buy stance and setting a $190 target. The company's financial health, as reflected in its earnings and market metrics, continues to draw interest from investors. As always, it's important to remember that analyst ratings can provide insight but are backward-looking and not necessarily indicative of future performance.
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