Charter Communications Analysts Slash Their Forecasts After Q2 Results - Charter Communications (NASDAQ:C

Charter Communications is nearing California PUC approval for its $34.5B purchase of Cox Enterprises, with a vote scheduled next week. Activists are urging stronger conditions on low-income broadband affordability, disaster response, and diversity and equity commitments. Charter says it will invest at least $275M in network upgrades and $30M in outreach, and the FCC previously approved the deal with DEI safeguards.

Charter Communications (NASDAQ: CHTR) priced $4.75 billion of senior secured notes via subsidiaries CCO and CCO Capital. It issued $1.75B due 2032 at 6.050%, $1.0B due 2034 at 6.600%, $1.0B due 2036 at 6.950%, and $1.0B due 2056 at 7.850%. Net proceeds fund the Cox acquisition cash consideration and general corporate purposes, including debt repayment. Closing expected Aug. 18, 2026.

Charter Communications priced a $4.75 billion notes offering, including $1.75 billion Senior Secured Notes due 2032 at 6.050% issued at 99.839% of principal, plus maturities in 2034, 2036 and 2056. Proceeds will fund the Cox Communications cash acquisition and general corporate uses. The deal is expected to close Aug. 18, 2026.

Charter Communications (CHTR) reported slightly lower Q2 2026 sales and net income year over year, while continuing share repurchases and launching Spectrum TV Control Pro for business customers. The company also initiated a multi-billion-dollar debt exchange and filed a shelf registration for debt securities. Analysts are reassessing balance-sheet and leverage risks as revenue and earnings forecasts shift.

Charter Communications (NASDAQ:CHTR) shares rose about 5% on Monday. RBC Capital analyst Jonathan Atkin kept a Sector Perform rating but cut his price target to $150 from $160, citing ongoing broadband subscriber losses, lower ARPU, and higher costs. He lowered 2026-27 revenue, EBITDA, and free cash flow estimates after Q2 results.

UBS cut its price target for Charter Communications (CHTR) to $140 from $235 and kept a Neutral rating. The stock trades around $126, near its 52-week low. UBS cited Q2 results showing a 4% EBITDA decline and higher broadband subscriber losses, with weaker ARPU. Charter expects core EBITDA to fall about 1% (ex transition costs) for the year.