Charter Communications (NASDAQ:CHTR) Price Target Cut to $325.00

Charter Communications (NASDAQ:CHTR) had its price target decreased by research analysts at UBS Group from $360.00 to $325.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 12.78% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Rosenblatt Securities cut Charter Communications from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $472.00 to $335.00 in a report on Tuesday, February 20th. Pivotal Research lowered their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a research report on Monday, March 18th. Benchmark reduced their price objective on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research note on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded shares of Charter Communications from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $445.00 to $370.00 in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $408.75.

Charter Communications Price Performance

CHTR traded down $5.33 on Thursday, hitting $288.18. 280,329 shares of the company’s stock traded hands, compared to its average volume of 1,673,940. The company’s 50 day simple moving average is $311.51 and its 200-day simple moving average is $374.57. The firm has a market cap of $41.85 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 0.43 and a beta of 0.96. Charter Communications has a one year low of $270.41 and a one year high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) 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 business had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the firm earned $7.69 EPS. Charter Communications’s revenue was up .3% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications will post 33.33 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently bought and sold shares of CHTR. Parnassus Investments LLC bought a new stake in Charter Communications in the third quarter valued at approximately $508,684,000. Norges Bank bought a new stake in shares of Charter Communications during the fourth quarter worth $310,727,000. Renaissance Technologies LLC increased its position in shares of Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after acquiring an additional 445,200 shares in the last quarter. Capital International Investors increased its position in shares of Charter Communications by 6.6% during the fourth quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after acquiring an additional 427,922 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Charter Communications by 507.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after acquiring an additional 398,954 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.