NEW YORK (TheStreet) -- Charter Communications (CHTR) - Get Report stock closed Thursday's trading session down by 2.91% to $219.04, even though Barclays boosted its price target to $238 from $204 in a note issued to investors this morning.
Now that the company has completed its purchase of Time Warner Cable (TWC) and Bright House Networks, the focus is now on the company's execution relative to expectations, analysts said.
The company will benefit from this deal but it will still take a few years for the margins to be impacted, the firm noted, reiterating its "equal weight" rating on the stock.
"We intend to continually improve the way we do business in order to be the very best at what we do,"Charter CEO Tom Rutledge stated after the merger closed last week, according to Variety.
Based in Stamford, CT, Charter Communications provides cable services in the United States. The company offers various entertainment, information, and communications solutions to residential and commercial customers.
Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C-.
The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.
You can view the full analysis from the report here: CHTR