02:57 PM EST, 11/03/2025 (MT Newswires) -- Charter Communications ( CHTR ) showed no progress on broadband subscribers in Q3, RBC Capital Markets said in a Friday report.

"On the back foot, while competitors are throwing one-two punch," the report said.

RBC analysts said its Q3 EBITDA and broadband subscriber results were below estimates, while its free cash flow benefited from the timing of cash taxes and favorable working capital.

They trimmed their estimates for broadband subscribers and average revenue per user on expectations of a more intense competition against fiber and fixed wireless access providers.

RBC cut its price target to $265 from $325 while keeping its sector perform rating on the stock.

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