According to a research report published by J.P. Morgan, Charter Communications CHTR reported a solid quarter.
J.P. Morgan explained in the report, “Charter reported a solid quarter with residential video sub losses of -45.5k, better than our estimate of -60k and consensus of -48k. Broadband adds of 67.7k were better than our 60k and Street at 62k. Revenue of $1.834b was slightly above our $1.82b estimate and consensus at $1.83b, and EBITDA of $686m was better than our $656m and met consensus at $688.1m, on margin of 37.4% vs our 36%.”
J.P. Morgan maintains its Overweight rating on Charter, which closed Friday at $63.49.
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