BNP Paribas Exane Cuts Charter Communications (NASDAQ:CHTR) Price Target to $150.00

Charter Communications (NASDAQ:CHTR) had its price objective decreased by BNP Paribas Exane from $160.00 to $150.00 in a research note released on Tuesday morning,MarketScreener reports. BNP Paribas Exane currently has an underperform rating on the stock.

CHTR has been the topic of several other research reports. New Street Research lowered their price objective on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Sanford C. Bernstein set a $220.00 price target on shares of Charter Communications in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Barclays reduced their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a report on Monday, November 3rd. Finally, KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $335.11.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $228.38 on Tuesday. The business has a 50-day simple moving average of $212.53 and a 200 day simple moving average of $231.98. Charter Communications has a one year low of $180.38 and a one year high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $28.92 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.36 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $10.10 EPS. On average, research analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd lifted its stake in Charter Communications by 113.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after purchasing an additional 4,273 shares during the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Charter Communications by 11.8% during the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after buying an additional 4,000 shares during the last quarter. WBI Investments LLC increased its holdings in shares of Charter Communications by 74.9% in the second quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after buying an additional 1,489 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Charter Communications by 8.5% in the second quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after buying an additional 2,560 shares during the period. Finally, Optimize Financial Inc bought a new stake in shares of Charter Communications in the 3rd quarter valued at about $1,557,000. 81.76% of the stock is currently 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.