Charter's stock gets another downgrade with weak numbers that are ‘difficult to explain'

Another analyst is cutting the cord on Charter Communications Inc. shares in light of pressures in the company’s broadband business. Charter CHTR, -16.51% surprised Wall Street with the magnitude of fourth-quarter broadband subscriber declines Friday, a dynamic that has analysts increasingly concerned about competition in the market for internet service — but also befuddled about the root cause of Charter’s weak numbers.“Management attributed the slowdown to increased [fixed-wireless access] availability as ...