Stock Rating Upgrade
The Value Trend Rating for Charter Communications Inc (NASDAQ: CHTR) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Charter Communications Inc (NASDAQ: CHTR) stock closed at $348.73 on 8/23/24 after a large increase of 2.5%. However, exceptionally low trading volume at 46% of normal accompanied the advance. The stock has declined -0.9% during the last week and 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Charter Communications has a slightly positive Appreciation Score of 61 but a poor Power Rating of 27, resulting in the Low Neutral Value Trend Rating.
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