Charter Communications (NASDAQ:CHTR) Lowered to Underperform at Raymond James

Raymond James cut shares of Charter Communications (NASDAQ:CHTR) from a market perform rating to an underperform rating in a research note released on Monday, MarketBeat.com reports.

A number of other brokerages have also issued reports on CHTR. Barclays cut their target price on Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a research report on Tuesday, April 2nd. Wells Fargo & Company cut their target price on Charter Communications from $290.00 to $260.00 and set an equal weight rating on the stock in a research report on Monday, April 29th. Rosenblatt Securities cut their target price on Charter Communications from $297.00 to $292.00 and set a neutral rating on the stock in a research report on Monday, April 29th. Citigroup lowered Charter Communications from a neutral rating to a sell rating and dropped their price target for the company from $280.00 to $255.00 in a research report on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a research report on Monday, April 1st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $373.69.

Charter Communications Stock Down 0.7 %

NASDAQ CHTR opened at $376.97 on Monday. The stock has a market cap of $54.29 billion, a PE ratio of 12.19, a P/E/G ratio of 0.72 and a beta of 1.04. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The business has a 50 day moving average price of $301.45 and a two-hundred day moving average price of $296.49. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. Charter Communications’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.05 EPS. As a group, sell-side analysts predict that Charter Communications will post 32.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in Charter Communications by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock valued at $39,957,000 after buying an additional 2,940 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Charter Communications by 50.8% in the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after purchasing an additional 3,080 shares during the period. Mackenzie Financial Corp boosted its position in shares of Charter Communications by 14.3% in the 4th quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after purchasing an additional 5,979 shares during the period. Sands Capital Management LLC boosted its position in shares of Charter Communications by 5.7% in the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after purchasing an additional 17,112 shares during the period. Finally, Oakcliff Capital Partners LP boosted its position in shares of Charter Communications by 8.2% in the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after purchasing an additional 2,900 shares during the period. 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.