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Charter Communications shares plunge 27.3% in September

The Motley Fool +1 ·

CHTR
CHTR Charter Communications Inc
$109.67 +2.53%
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  1. 1Charter Communications shares recorded a 27.3% decline in September.
  2. 2Wolfe Research analyst Peter Suphino downgraded Charter stock on September 14 and lowered the price target to $118.
  3. 3The growth of Starlink's technical capabilities is posing a threat to traditional terrestrial broadband networks.

So what's the key point?

Charter Communications shares fell significantly by 27.3% in September. As Starlink's technology advances and threatens existing internet networks, experts have lowered their expectations for the stock's growth.

Source The Motley Fool +1 · View original ↗

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