3 Stocks Dragging In The Media Industry

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 68 points (-0.4%) at 17,105 as of Tuesday, Sept. 23, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,162 issues advancing vs. 1,797 declining with 186 unchanged.

The Media industry currently sits down 0.6% versus the S&P 500, which is down 0.2%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Charter Communications ( CHTR) is one of the companies pushing the Media industry lower today. As of noon trading, Charter Communications is down $2.89 (-1.8%) to $158.26 on average volume. Thus far, 413,940 shares of Charter Communications exchanged hands as compared to its average daily volume of 907,800 shares. The stock has ranged in price between $157.92-$161.24 after having opened the day at $160.85 as compared to the previous trading day's close of $161.15.

Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States. Charter Communications has a market cap of $17.6 billion and is part of the services sector. Shares are up 17.8% year-to-date as of the close of trading on Monday. Currently there are 4 analysts that rate Charter Communications a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Charter Communications as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and poor profit margins. Get the full Charter Communications Ratings Report now.

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