Charter Communications (NASDAQ:CHTR) Trading Down 4.6% – Should You Sell?

Charter Communications, Inc. (NASDAQ:CHTR)’s stock price was down 4.6% during mid-day trading on Thursday . The company traded as low as $151.81 and last traded at $151.6970. 533,213 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 2,741,064 shares. The stock had previously closed at $158.97.

Analysts Set New Price Targets

CHTR has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research report on Thursday, July 2nd. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. TD Cowen decreased their price target on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. BNP Paribas Exane lowered their price objective on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Finally, Barclays dropped their price objective on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $226.88.

Charter Communications Stock Performance

The firm has a market capitalization of $18.13 billion, a PE ratio of 3.95, a P/E/G ratio of 0.32 and a beta of 0.69. The business has a 50-day simple moving average of $143.34 and a 200-day simple moving average of $171.77. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. During the same quarter in the previous year, the business earned $9.18 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts expect that Charter Communications, Inc. will post 42.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Charter Communications in the 1st quarter worth about $25,000. Quarry LP raised its position in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new stake in Charter Communications in the 4th quarter worth about $25,000. DV Equities LLC bought a new stake in Charter Communications in the fourth quarter worth about $25,000. Finally, Trust Co. of Vermont purchased a new position in shares of Charter Communications during the second quarter valued at approximately $28,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.