Deutsche Bank Aktiengesellschaft Trims Charter Communications (NASDAQ:CHTR) Target Price to $320.00

Charter Communications (NASDAQ:CHTR) had its price target cut by Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a research note released on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

CHTR has been the subject of a number of other reports. Wells Fargo & Company lowered their target price on shares of 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. Barclays lowered their target price on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating for the company in a research note on Tuesday, April 2nd. Rosenblatt Securities lowered their target price on shares of Charter Communications from $334.00 to $297.00 and set a neutral rating for the company in a research note on Monday. UBS Group lowered 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. Finally, Pivotal Research lowered their target price on shares of Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $380.80.

Charter Communications Trading Up 0.7 %

CHTR stock opened at $259.91 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications has a twelve month low of $254.31 and a twelve month high of $458.30. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The firm’s fifty day simple moving average is $284.78 and its two-hundred day simple moving average is $355.31.

Charter Communications (NASDAQ:CHTR) last posted 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 net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the firm earned $7.69 EPS. The company’s revenue was up .3% on a year-over-year basis. As a group, analysts anticipate that Charter Communications will post 32.58 earnings per share for the current year.

Institutional Trading of Charter Communications

Several hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its position in shares of Charter Communications by 20.5% during the third quarter. Rosenberg Matthew Hamilton now owns 141 shares of the company’s stock valued at $62,000 after buying an additional 24 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Charter Communications by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock valued at $262,000 after buying an additional 27 shares during the last quarter. CX Institutional lifted its position in shares of Charter Communications by 2.3% during the third quarter. CX Institutional now owns 1,185 shares of the company’s stock valued at $521,000 after buying an additional 27 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in shares of Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock valued at $49,000 after buying an additional 27 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Charter Communications by 9.8% during the third quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock valued at $138,000 after buying an additional 28 shares during the last quarter. 81.76% of the stock is 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.