Charter Communications (CHTR) Stock Rating Lowered by BidaskClub
Charter Communications (NASDAQ:CHTR) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Friday.
Several other research firms have also recently issued reports on CHTR. Citigroup reaffirmed a “buy” rating and set a $436.00 price target (down from $453.00) on shares of Charter Communications in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Thursday, January 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $400.00 price target on shares of Charter Communications in a research note on Thursday, November 2nd. Buckingham Research started coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They set a “buy” rating and a $415.00 price target on the stock. Finally, Pivotal Research reaffirmed a “buy” rating and set a $500.00 price target (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Charter Communications presently has a consensus rating of “Hold” and an average target price of $407.17.
Shares of Charter Communications (NASDAQ:CHTR) opened at $332.75 on Friday. Charter Communications has a 12 month low of $308.30 and a 12 month high of $408.83. The stock has a market cap of $79,362.87, a PE ratio of 9.28, a price-to-earnings-growth ratio of 2.93 and a beta of 1.20. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43.
In related news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the sale, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametrica Management Ltd purchased a new position in Charter Communications in the third quarter valued at approximately $226,000. Selz Capital LLC purchased a new position in Charter Communications in the fourth quarter valued at approximately $14,446,000. Commerzbank Aktiengesellschaft FI raised its holdings in Charter Communications by 25.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock valued at $4,824,000 after buying an additional 2,711 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Charter Communications by 3.6% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,564 shares of the company’s stock valued at $11,834,000 after buying an additional 1,140 shares during the period. Finally, Dai Ichi Life Insurance Company Ltd raised its holdings in Charter Communications by 22.1% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 27,233 shares of the company’s stock valued at $9,897,000 after buying an additional 4,938 shares during the period. Hedge funds and other institutional investors own 73.29% of the company’s stock.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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