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BUZZ-Citigroup resumes coverage on Charter Communications with 'buy'

Reuters
Mar 14, 2025
BUZZ-Citigroup resumes coverage on Charter Communications with 'buy'

** Broadband and cable TV provider Charter Communications' CHTR.O shares rise 1.1% to $349 in premarket trading

** Citigroup resumes coverage on co with "buy" rating and $425 PT, representing a 20.6% upside to stock's last close

** Brokerage expects co to achieve stable revenue growth and rapid free cash flow acceleration, driven by reduced capital investments and rural expansion

** "Co's rural build initiative will help mitigate broadband subscriber losses and keep co competitive" brokerage adds

** Average rating from 25 analysts covering the stock is "hold", and median PT is $392, according to data compiled by LSEG

** As of last close, CHTR up ~0.80% YTD

(Reporting by Rashika Singh in Bengaluru)

((rashika.singh@thomsonreuters.com))

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