Read Why Wolfe Research Downgraded Charter, Altice USA

Logos of French telecom groups Altice and SFR is pictured, during a press conference to present Altice France 2019 prospects, in Paris, on April 11, 2019. Eric Piermont/AFP via Getty Images

Wolfe Research analyst John Janedis downgraded Charter Communications Inc. and Altice USA Inc..

Janedis downgraded Charter to Underperform from Peer Perform with a price target of $621, down from $712, implying a 4.8 percent downside.