Barclays Turns More Bearish on Cable Industry, Charter With Downgrade
Cable is facing "increasing headwinds" in the form of more video competition, slowing broadband growth, their balance sheets and more-uncertain merger and acquisitions permutations, Barclays analyst Kannan Venkateshwar wrote investors Monday, downgrading the cable and DBS industry to neutral, and…
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Charter Communications to underweight. He said Charter faces high programming cost growth and wireless launch costs atop its reluctance to raise broadband prices. Charter didn't comment.