Oppenheimer Downgrades Charter Communications (CHTR) to Perform, Amid Core Broadband Customer Decline

Charter Communications Inc. (NASDAQ:CHTR) is one of the cheap US stocks to buy according to analysts. On November 4, Oppenheimer downgraded Charter to Perform from Outperform and removed the firm’s $500 price target. Oppenheimer has issued a cautious outlook on Charter Communications, due to several financial and operational concerns. The firm noted that in Q3 2025, Charter’s revenue saw a slight year-over-year decline of 0.9% to $13.7 billion. While Oppenheimer acknowledges that Charter’s new video strategy is successful, leading to demonstrably better sub trends, this positive performance is being overshadowed by a broader, persistent decline in its core broadband customer base.

In its Q3 earnings report, Charter Communications reported that its revenue for the quarter declined due to customer attrition and a difficult comparison with the previous year’s political advertising revenue. Similarly, EBITDA decreased by 1.5% year-over-year, although it was flat when the effect of advertising revenue was excluded. The company’s net income was $1.1 billion, a decrease from $1.3 billion reported in the same quarter last year.

However, Charter showed positive momentum in its mobile and video segments. The company added 493,000 Spectrum Mobile lines, contributing to a ~20% year-over-year increase in total mobile lines. Video customer losses improved, with a decline of only 70,000 customers, which is a substantial improvement compared to the loss of 294,000 video customers in the prior year. This was attributed to product improvements and new pricing/packaging.

Charter Communications Inc. (NASDAQ:CHTR) operates as a broadband connectivity and cable operator company serving residential and commercial customers in the US.

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Disclosure: None. This article is originally published at Insider Monkey.