Charter Communications (NASDAQ:CHTR) PT Lowered to $297.00

Charter Communications (NASDAQ:CHTR) had its price target dropped by Rosenblatt Securities from $334.00 to $297.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 15.31% from the stock’s current price.

CHTR has been the subject of a number of other reports. UBS Group decreased their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Pivotal Research reduced their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Wells Fargo & Company reduced their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research note on Monday, March 18th. Finally, Bank of America reduced their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Price Performance

CHTR stock opened at $257.57 on Monday. The firm has a 50 day moving average price of $285.75 and a 200-day moving average price of $356.67. Charter Communications has a 52-week low of $254.31 and a 52-week high of $458.30. The firm has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the firm earned $7.69 earnings per share. Charter Communications’s revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Charter Communications will post 32.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications during the 4th quarter worth about $25,000. Janiczek Wealth Management LLC lifted its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after buying an additional 42 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Charter Communications during the 3rd quarter worth about $31,000. Riverview Trust Co purchased a new stake in Charter Communications during the 1st quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Charter Communications during the 4th quarter worth about $44,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.