Charter Communications (NASDAQ:CHTR) Downgraded by BidaskClub

BidaskClub downgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a sell rating in a research report report published on Monday, BidAskClub reports.

A number of other equities analysts have also weighed in on the company. Cowen increased their price target on Charter Communications from $413.00 to $433.00 and gave the company an in-line rating in a research report on Monday, July 29th. Raymond James increased their price target on Charter Communications from $435.00 to $460.00 and gave the company a strong-buy rating in a research report on Monday, July 29th. Rosenblatt Securities reiterated a buy rating and issued a $480.00 price target on shares of Charter Communications in a research report on Monday, July 29th. Citigroup assumed coverage on Charter Communications in a research report on Thursday, June 13th. They issued a buy rating and a $480.00 price target for the company. Finally, Pivotal Research reiterated a buy rating and issued a $500.00 price target on shares of Charter Communications in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $415.71.

NASDAQ:CHTR opened at $375.18 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.67. Charter Communications has a 52-week low of $272.91 and a 52-week high of $417.13. The firm has a market capitalization of $83.34 billion, a price-to-earnings ratio of 71.87, a P/E/G ratio of 1.29 and a beta of 1.23. The business’s 50-day moving average price is $396.87.



Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the business earned $1.15 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Charter Communications will post 6.91 earnings per share for the current fiscal year.

In other news, Director Craig A. Jacobson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the director now directly owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lance Conn sold 927 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the sale, the director now directly owns 9,552 shares of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Charter Communications by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after buying an additional 167,729 shares during the last quarter. Huntington National Bank lifted its position in shares of Charter Communications by 31.1% during the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after buying an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $1,502,000. First Manhattan Co. lifted its position in shares of Charter Communications by 0.5% during the 1st quarter. First Manhattan Co. now owns 7,562 shares of the company’s stock worth $2,623,000 after buying an additional 34 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $586,000. 72.55% of the stock is owned by institutional investors.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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