Stock Rating Downgrade
In the last week the Value Trend Rating for Charter Communications Inc (NASDAQ: CHTR) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Charter Communications Inc (NASDAQ: CHTR) stock increased 1.9% on 3/18/24. The shares closed at $296.18. However, unusually low trading volume at 62% of normal accompanied the advance. The stock has risen 4.4% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CHTR is expected to continue to be a major Value Builder.
Charter Communications has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Charter Communications has a good Appreciation Score of 70 but a poor Power Rating of 17, resulting in the Negative Value Trend Rating.
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