Charter Communications (NASDAQ:CHTR) Price Target Cut to $280.00 by Analysts at Citigroup

Charter Communications (NASDAQ:CHTR) had its price target reduced by Citigroup from $300.00 to $280.00 in a research note released on Monday, Benzinga reports. Citigroup currently has a neutral rating on the stock.

CHTR has been the topic of several other research reports. Pivotal Research dropped their price target on Charter Communications from $450.00 to $400.00 and set a buy rating on the stock in a report on Monday. Benchmark cut their target price on Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a research report on Monday, February 5th. Sanford C. Bernstein raised Charter Communications from a market perform rating to an outperform rating and set a $370.00 target price for the company in a report on Monday, March 18th. UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a neutral rating on the stock in a report on Thursday, March 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $375.00 to $320.00 and set a hold rating for the company in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $356.47.

Charter Communications Trading Up 2.0 %

Shares of Charter Communications stock opened at $259.76 on Monday. The business has a fifty day simple moving average of $280.49 and a 200-day simple moving average of $345.42. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 6.28.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the business posted $6.65 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Charter Communications will post 31.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of CHTR. Parnassus Investments LLC acquired a new stake in Charter Communications during the third quarter valued at $508,684,000. Norges Bank acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $310,727,000. Capital International Investors grew its stake in shares of Charter Communications by 6.6% in the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after buying an additional 427,922 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Finally, Putnam Investments LLC raised its position in Charter Communications by 24.5% during the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after acquiring an additional 242,448 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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.