The Latest Breaking News from Charter Communications Inc

Growing competition from fixed wireless will be a challenge for Charter Communications Inc (NASDAQ: CHTR), and as the company works to regaining lost subscribers, fixed wireless access (FWA) is likely to continue to gain share “in coming years,” according to BofA Securities.

Charter Communications Inc (NASDAQ:CHTR) reported fourth-quarter FY21 revenue growth of 4.7% year-on-year, to $13.21 billion, missing the consensus of $13.25 billion. Revenue growth of 5.1% in Residential, 47.5% in Mobile, and 4.8% in Commercial drove the top-line performance. Charter added 172,000 residential Internet customers during Q4, compared to 216,000 last year. Residential video…

RBC Capital analyst Kutgun Maral upgraded Charter Communications Inc (NASDAQ:CHTR) to Outperform from Sector Perform with a price target of $690, down from $770, implying an upside of 20%. The analyst contends that the competitive threats to cable operators across broadband with telco fiber and fixed wireless assigned by the Street's negativity has become "too…