Charter Communications (NASDAQ:CHTR) PT Lowered to $400.00

Charter Communications (NASDAQ:CHTR) had its price target dropped by equities researchers at Pivotal Research from $450.00 to $400.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target points to a potential upside of 56.29% from the company’s current price.

A number of other research analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a report on Tuesday, April 16th. Bank of America dropped their price objective on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays cut their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research note on Tuesday, April 2nd. Sanford C. Bernstein upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, March 18th. Finally, Benchmark lowered their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $356.47.

Charter Communications Stock Performance

Shares of CHTR stock opened at $255.94 on Monday. The company has a fifty day moving average price of $279.71 and a two-hundred day moving average price of $344.05. Charter Communications has a one year low of $236.08 and a one year high of $458.30. The stock has a market cap of $37.17 billion, a P/E ratio of 8.28, a P/E/G ratio of 0.45 and a beta of 0.96. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its 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). The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $6.65 earnings per share. As a group, equities analysts predict that Charter Communications will post 31.89 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC raised its holdings in Charter Communications by 31.2% in the 1st quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after acquiring an additional 1,500 shares in the last quarter. Norden Group LLC bought a new position in shares of Charter Communications in the first quarter worth $828,000. Perigon Wealth Management LLC increased its position in shares of Charter Communications by 2.2% in the first quarter. Perigon Wealth Management LLC now owns 3,538 shares of the company’s stock worth $1,027,000 after purchasing an additional 77 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Charter Communications by 53.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 321 shares of the company’s stock valued at $93,000 after purchasing an additional 112 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in Charter Communications during the first quarter worth about $11,306,000. Institutional investors and hedge funds 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.