RBC Capital Downgrades Charter Communications Despite Positive Mobile Growth

RBC Capital lowered its price target on Charter Communications (CHTR) to $265 from $325 with a Sector Perform rating due to Q3 earnings missing estimates. The company experienced a 1% YoY decline in revenue and a 1.5% YoY decline in EBITDA, but saw positive growth in its mobile segment, adding 493,000 mobile lines, and improved video business, reducing video customer losses to 70,000.