Wells Fargo & Company Cuts Charter Communications (NASDAQ:CHTR) Price Target to $101.00

Charter Communications (NASDAQ:CHTR) had its price objective trimmed by Wells Fargo & Company from $160.00 to $101.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

CHTR has been the subject of several other research reports. Benchmark restated a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a research report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Finally, Barclays decreased 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. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $226.88.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $145.20 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.40 and a current ratio of 0.36. Charter Communications has a fifty-two week low of $111.55 and a fifty-two week high of $285.96. The firm has a market capitalization of $17.86 billion, a PE ratio of 3.77, a price-to-earnings-growth ratio of 0.22 and a beta of 0.71. The stock’s 50-day simple moving average is $135.79 and its 200-day simple moving average is $182.35.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.18 earnings per share. As a group, equities research analysts forecast that Charter Communications will post 42.65 EPS for the current fiscal year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director Thomas Rutledge sold 69,633 shares of Charter Communications stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the transaction, the director directly owned 3,968 shares in the company, valued at approximately $573,177.60. The trade was a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mauricio Ramos bought 9,929 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Charter Communications during the first quarter worth $25,000. Quarry LP increased its stake in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new position in Charter Communications during the 4th quarter worth $25,000. DV Equities LLC acquired a new stake in shares of Charter Communications in the 4th quarter worth $25,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Key Headlines Impacting Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Citi maintained its Buy rating and set a $180 price target, implying meaningful potential upside from recent trading levels despite reducing its previous target. Citi Sticks to Their Buy Rating for Charter Communications
• Positive Sentiment: Charter recently exceeded quarterly EPS expectations, reporting $10.66 versus a $9.98 consensus estimate. Revenue was roughly in line with forecasts, which may be helping support the shares.
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $150 and changed its rating to Neutral. The revised target still represents modest upside, but the downgrade signals limited near-term conviction. JPMorgan Lowers Charter Communications Price Target
• Neutral Sentiment: RBC Capital Markets assigned Charter a Hold rating, adding to the cautious analyst tone. RBC Capital Gives Charter Communications a Hold Rating
• Negative Sentiment: Wells Fargo lowered its expectations for Charter, while TD Cowen also reduced its price target to $380. These revisions reinforce concerns about the company’s outlook, even though TD Cowen’s target remains well above the current share price. Wells Fargo Lowers Expectations for Charter Communications TD Cowen Lowers Charter Communications Price Target
• Negative Sentiment: Analyst commentary is also highlighting a potential broadband test, including pressure from subscriber trends and competition. Charter’s high leverage and year-over-year revenue decline add to the investment risks. Charter Communications Faces a Broadband Test

About Charter Communications

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.