Charter Communications (NASDAQ:CHTR) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Charter Communications (NASDAQ:CHTR) in a report published on Monday, Marketbeat reports. The brokerage issued a sell rating and a $250.00 price target on the stock.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a neutral rating for the company in a research report on Monday, April 1st. Citigroup dropped their price target on Charter Communications from $300.00 to $280.00 and set a neutral rating for the company in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $375.00 to $320.00 and set a hold rating for the company in a research report on Tuesday, April 16th. Bank of America dropped their price target on Charter Communications from $315.00 to $300.00 and set a neutral rating for the company in a research report on Monday, April 29th. Finally, Rosenblatt Securities dropped their price target on Charter Communications from $297.00 to $292.00 and set a neutral rating for the company in a research report on Monday, April 29th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $341.47.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $301.25 on Monday. The business has a 50 day simple moving average of $276.06 and a two-hundred day simple moving average of $303.87. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30. The stock has a market capitalization of $43.39 billion, a P/E ratio of 9.74, a PEG ratio of 1.11 and a beta of 1.04. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same period in the previous year, the company earned $6.65 EPS. Charter Communications’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CHTR. Capital International Investors grew its stake in shares of Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after buying an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC grew its stake in shares of Charter Communications by 96.5% in the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after buying an additional 1,399,034 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Charter Communications by 40.1% in the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after buying an additional 463,968 shares in the last quarter. Putnam Investments LLC grew its stake in shares of Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after buying an additional 242,448 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock valued at $521,952,000 after buying an additional 161,830 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

About Charter Communications

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.