02:55 PM EDT, 04/05/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target price by $125 to $325, applying an EV/EBITDA multiple of 6.7x to our 2024 estimate, a discount to its three-year historical average multiple at 8.2x, reflecting our slower growth outlook. We trim our 2024 EPS estimate by $0.35 to $33.69 and lower our 2025 EPS estimate by $3.87 to $35.94. CHTR is set to announce Q1 results on April 26, and we expect to see many of the trends we saw in Q4 continue. Residential video and voice customers will likely continue to decline, putting a drag on growth, while mobile service should be a bright spot. We will be looking to see whether it can slow or even reverse the declines in residential Internet customers as it focuses investment on fiber expansion. While these trends are not unique to CHTR, the company seems to have been hit harder than its peers.