Why Charter Communications Plunged in September
Charter Communications had a horrible September, with the stock reaching a 10-year low. But is the stock an incredible value, or a value trap?
Overview
Shares of Charter Communications (NASDAQ: CHTR) plunged 27.3% in September, according to data from S&P Global Market Intelligence.
Charter had another difficult month, as long-term interest rates leaped higher, marking a significant increase relative to before the summer. That's a big problem, as Charter remains heavily indebted.
Details
Additionally, Charter saw a sell-side analyst downgrade during the month, with the analyst flagging ongoing competitive headwinds for the operating business.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.