RBC Lowers Charter Communications Price Target Amid Broader Industry Shifts

Royal Bank Of Canada has downgraded its price target for Charter Communications (NASDAQ:CHTR) from $160.00 to $150.00 in a recent report, according to MarketBeat.

The brokerage maintains a 'sector perform' rating on the stock and sees a potential upside of 16.80% from the current price.

Other analysts have also weighed in on Charter Communications, with New Street Research decreasing its target price to $302.00 and Wells Fargo & Company lowering its price target to $101.00, setting an 'underweight' rating.

Institutional investors hold 81.76% of the company's stock, with Dodge & Cox owning a significant stake of over 14 million shares.