Charter Pre-3Q24 Model Update
This report covers changes to our model to incorporate recent management commentary at investor conferences. The most significant change was lower broadband losses due to lower ACP losses than previously expected. We now expect slightly lower losses than consensus in 3Q24. Price target is $473 (+44%).Charter Communications is a holding company. Through its subsidiaries, the company is a cable operator and a broadband communications company providing video, Internet and voice services. The company also provides its mobile service to residential customers. In addition, the company sells video and online advertising inventory to local, regional and national advertising customers and communications and managed solutions to enterprise customers. The company also owns and operates regional sports networks and local sports, news and community channels. The company owns and operates a two-way telecommunications network which passes various households and small and medium businesses across United States.
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