Charter Communications (NASDAQ:CHTR) Price Target Cut to $292.00 by Analysts at Rosenblatt Securities

Charter Communications (NASDAQ:CHTR) had its price target reduced by Rosenblatt Securities from $297.00 to $292.00 in a research note released on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Sanford C. Bernstein raised Charter Communications from a market perform rating to an outperform rating and set a $370.00 price target for the company in a research note on Monday, March 18th. UBS Group cut their target price on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating on the stock in a report on Thursday, March 28th. Wells Fargo & Company decreased their price target on shares of Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a report on Friday, April 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $375.00 to $320.00 and set a hold rating on the stock in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. decreased their target price on Charter Communications from $370.00 to $335.00 and set a neutral rating for the company in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has an average rating of Hold and a consensus target price of $356.47.

Charter Communications Price Performance

Shares of CHTR stock opened at $259.70 on Monday. The firm’s 50 day moving average price is $279.16 and its two-hundred day moving average price is $343.46. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The stock has a market cap of $37.72 billion, a PE ratio of 8.40, a PEG ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the business earned $6.65 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts forecast that Charter Communications will post 31.81 EPS for the current year.

Institutional Trading of Charter Communications

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in Charter Communications by 9.7% during the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after buying an additional 1,311 shares in the last quarter. River Road Asset Management LLC acquired a new position in Charter Communications during the third quarter valued at approximately $29,948,000. Graham Capital Management L.P. grew its stake in Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock valued at $6,656,000 after purchasing an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $16,411,000. Finally, Kinetic Partners Management LP raised its stake in shares of Charter Communications by 51.3% during the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after purchasing an additional 60,300 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.