Pali initiated Charter with a "Buy" rating and a $4.50 12-month price target. While it doesn’t expect Charter’s ARPU or margins to reach the levels of Comcast, Time Warner or Cablevision, Pali notes that it is "leveraging the industry’s triple-play best practices with the financial benefits just beginning to impact CHTR’s results." — Fitch assigned a ‘BBB’ rating to Viacom’s proposed 49-year, $250mln senior unsecured notes offering due ’55, and affirmed ‘BBB’ ratings on the media giant’s Issuer Default Rating and its senior unsecured and bank facilities.

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Friday–April 26

Charter Unpacks Impact of ACP’s Sunset

Charter hasn’t been immune to the slowdown in broadband activity in 1Q24, reporting the loss of 72,000 residential and SMB internet customers. It’s looking at what the discontinuation of ACP will mean for its sub base.

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