Charter Communications Stock Surges Despite Trading Volume Decline, Ranks High in Q1 Earnings

On April 28, 2025, Charter Communications, Inc. (CHTR) saw a trading volume of $731 million, marking a 26.61% decrease from the previous day. Despite this, the stock price rose by 0.86%, marking the second consecutive day of gains, with a total increase of 12.39% over the past two days.

Charter Communications reported a 2.3% increase in revenue for the first quarter, reaching $664.76 million compared to $649.92 million in the same period last year. The company's earnings per share (EPS) for the first quarter of 2025 were $8.42, slightly missing the consensus estimate. Despite this, the stock price surged by 11% following the release of the Q1 2025 results, which highlighted strong mobile growth despite losses in internet and video customers.

Loop Capital raised its price target for Charter Communications to $430 from $385, maintaining a Buy rating on the shares. This adjustment came after the company's Q1 earnings beat expectations. Additionally, KeyBanc maintained an Overweight rating on Charter Communications with a price target of $500, citing the company's EPS of $8.42, which narrowly beat the forecast of $8.41, and reported revenue of $13.7 billion, surpassing the anticipated $13.67 billion.

Charter Communications is forecasting $12 billion in capital expenditures for the year, reflecting its commitment to continued investment and growth. The company's strong performance in the mobile sector, coupled with its strategic investments, has positioned it favorably in the market, contributing to the positive sentiment surrounding its stock.