BUZZ-Street View: Rural expansion to fuel Charter Communications

Charter Communications CHTR.O beat Wall Street estimates for quarterly results on Friday, driven by higher-than-expected subscriber growth for its mobile services that can be bundled with broadband plans

Median PT of 25 brokerages covering CHTR is $392 - LSEG data

RURAL TO THE RESCUE?

RBC ("sector perform," PT: $385) sees CHTR's average revenue per user (ARPU) growth slowing down but believes in potential for revenue growth; says higher ARPU needed to sustain cash flow

"We expect the level of competition in the broadband industry to intensify further on the back of fiber and fixed-wireless expansion plans" - RBC

New Street Research("buy," PT: $386) sees co expanding its rural market, improving broadband net losses and decreasing video losses

Morgan Stanley ("equal-weight," PT: $415) sees co's broadband customer losses improving in 2025, driven by co's rural expansion

J.P. Morgan sees co expanding its fiber network and maintaining a steady share in fixed wireless access, with improving trends due to bundling, mobile services, and competitive pricing