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Charter Communications, Inc. (NASDAQ: CHTR) Stock Update
Financial Modeling Prep· 2026-02-01 22:00
Company Overview - Charter Communications, Inc. is a leading broadband connectivity company and cable operator serving over 31 million customers in 41 states under the Spectrum brand [1] - The company offers a range of services, including cable television, internet, and voice services, competing with major players like Comcast and AT&T [1] Recent Stock Performance - On February 1, 2026, Wells Fargo adjusted its rating for Charter Communications to "Underweight," while maintaining a "hold" action, with the stock price at $206.12 [2] - Despite the cautious stance, Wells Fargo raised the price target for Charter from $180 to $200, indicating a slightly more optimistic outlook [2] - Charter's stock experienced a notable price movement, opening at $204.12 after closing at $191.52, and last traded at $207.03, reflecting a 7.62% increase [3][4] - The stock's trading volume for the day was 7,191,703 shares, with a low of $199.14 and a high of $214.84 [4][5] Subscriber Growth - Charter reported a rare quarterly gain in pay-TV/video subscribers, adding approximately 44,000 new subscribers [3][6] - The company shed fewer broadband customers than anticipated, which investors interpreted as a sign of stabilizing customer trends [4] Market Capitalization - Charter's market capitalization stands at approximately $26.67 billion [5] - Over the past year, the stock has reached a high of $437.06 and a low of $180.38, showcasing its volatility in the market [5]