Truist Financial Lowers Charter Communications (NASDAQ:CHTR) Price Target to $450.00

Charter Communications (NASDAQ:CHTRGet Rating) had its price target reduced by equities researchers at Truist Financial from $600.00 to $450.00 in a research report issued to clients and investors on Monday, The Fly reports. Truist Financial’s target price suggests a potential upside of 5.02% from the company’s current price.

CHTR has been the subject of a number of other research reports. Wolfe Research lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating and lowered their price target for the company from $712.00 to $621.00 in a report on Monday, January 3rd. Benchmark reduced their price target on shares of Charter Communications from $825.00 to $805.00 and set a “buy” rating on the stock in a research report on Monday. Exane BNP Paribas cut shares of Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 18th. Barclays cut their price objective on shares of Charter Communications from $599.00 to $436.00 in a research report on Monday. Finally, Rosenblatt Securities initiated coverage on shares of Charter Communications in a research note on Tuesday, April 19th. They issued a “buy” rating and a $732.00 price target on the stock. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $703.20.

Shares of NASDAQ:CHTR opened at $428.49 on Monday. Charter Communications has a 12-month low of $415.01 and a 12-month high of $825.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 4.88. The company has a market cap of $74.02 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.46 and a beta of 0.94. The company’s fifty day moving average is $553.75 and its two-hundred day moving average is $612.89.

Charter Communications (NASDAQ:CHTRGet Rating) last released its quarterly earnings results on Friday, April 29th. The company reported $6.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $6.51 by $0.39. Charter Communications had a net margin of 9.01% and a return on equity of 20.47%. The company had revenue of $13.20 billion during the quarter, compared to analysts’ expectations of $13.21 billion. During the same period in the prior year, the company earned $4.11 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications will post 29.88 earnings per share for the current year.

In other Charter Communications news, COO Christopher L. Winfrey acquired 2,750 shares of the company’s stock in a transaction on Tuesday, February 1st. The shares were purchased at an average cost of $591.96 per share, with a total value of $1,627,890.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.96% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE increased its holdings in Charter Communications by 3.0% during the third quarter. US Bancorp DE now owns 11,030 shares of the company’s stock worth $8,025,000 after buying an additional 322 shares during the last quarter. Spire Wealth Management increased its holdings in Charter Communications by 3.0% during the fourth quarter. Spire Wealth Management now owns 25,967 shares of the company’s stock worth $16,928,000 after buying an additional 762 shares during the last quarter. Railway Pension Investments Ltd increased its stake in shares of Charter Communications by 13.8% in the fourth quarter. Railway Pension Investments Ltd now owns 12,400 shares of the company’s stock worth $8,084,000 after purchasing an additional 1,500 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of Charter Communications by 1.5% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 13,944 shares of the company’s stock worth $10,145,000 after purchasing an additional 204 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Charter Communications by 12.9% in the fourth quarter. Signaturefd LLC now owns 2,026 shares of the company’s stock worth $1,321,000 after purchasing an additional 231 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

About Charter Communications (Get Rating)

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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

See Also

The Fly logo

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.