Charter Communications, Inc. (NASDAQ:CHTR) faces downgrades from CFRA and Oppenheimer, leading to a lowered price target of $165. Year-to-date, the stock has dropped 41%. Revenue decreased by 0.89% year-over-year, missing estimates by $77.39 million, while EPS of $8.34 missed expectations by $0.98.

The company’s shares have suffered due to a decline in broadband subscribers, with 109,000 internet customers lost in fiscal Q3. Revenue was also impacted by lower residential video and advertising sales. Analysts question management’s ability to reverse these negative trends.

CFRA’s Keith Snyder doubts Charter’s ability to address declining broadband customers. The deal with Cox Communications, aimed at creating an industry leader, may not help. Charter Communications Inc. (NASDAQ:CHTR) operates as a broadband connectivity and cable operator company in the US.

While Charter Communications Inc. (NASDAQ:CHTR) shows potential, AI stocks may offer better returns with less risk. A free report on the best short-term AI stock is available. For more investment options, explore “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.”

Read more at Yahoo Finance: Charter Communications (CHTR) Down 41% Year-to-Date, Here’s What You Need To Know