Indicators signal bullish move in Charter Communications.
RSI | MACD | Histogram all bullish and stochastic has reset for next move higher.
Awaiting breakout above $427
Entry level $430
Price target $479
Stop loss $420
KeyBanc upgrades Charter Communications (NASDAQ:CHTR) from Sector Weight to Overweight with a $515 target.
The firm cites CHTR's "ample opportunity" to increase its broadband penetration.
KeyBanc notes that Charter has "significant" FCF generation that can go towards repurchases, sees upsides in the recent price increases, and thinks the mobile expansion should drag less on profitability next year.
Charter shares are up 0.4% pre-market to $418.27. The company has an Outperform average
Source seeking alpha
Awaiting breakout above $427
Entry level $430
Price target $479
Stop loss $420
KeyBanc upgrades Charter Communications (NASDAQ:CHTR) from Sector Weight to Overweight with a $515 target.
The firm cites CHTR's "ample opportunity" to increase its broadband penetration.
KeyBanc notes that Charter has "significant" FCF generation that can go towards repurchases, sees upsides in the recent price increases, and thinks the mobile expansion should drag less on profitability next year.
Charter shares are up 0.4% pre-market to $418.27. The company has an Outperform average
Source seeking alpha