2 Reasons Charter Communications Stock Could Fall
Since it closed on its purchases of Time Warner Cable and Bright House in May 2016, Charter Communications (NASDAQ: CHTR) has seen its share price move mostly steadily higher.
That changed recently, when shares dipped on news that cord-cutting may have accelerated. So far, consumers have been abandoning traditional pay-television services in a trickle, not a flood, but it appears the exodus may be speeding up.
Charter, for example, lost 76,000 cable subscribers in Q2 2017, less than the 89,000 it lost in Q1, according to data from Leichtman Research Group (LRG). Those losses, which total 165,000 in six months, aren't far off from the 187,000 the company lost in all of 2016, and they're dramatically worse than the 54,000 subscribers the then-separate Charter and Time Warner jointly added in 2015.
Source: Fool.com
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