Charter Communications (NASDAQ:CHTR) Price Target Cut to $425.00

Charter Communications (NASDAQ:CHTR) had its target price reduced by equities research analysts at Citigroup from $480.00 to $425.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 3.00% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Sanford C. Bernstein started coverage on shares of Charter Communications in a research report on Thursday, October 5th. They issued a “market perform” rating and a $463.00 target price for the company. Morgan Stanley decreased their target price on shares of Charter Communications from $500.00 to $475.00 and set an “equal weight” rating for the company in a research report on Monday. Bank of America raised their price objective on shares of Charter Communications from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Monday, July 31st. Benchmark upped their price objective on shares of Charter Communications from $575.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Rosenblatt Securities upped their price objective on shares of Charter Communications from $477.00 to $482.00 and gave the company a “buy” rating in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $501.52.

Charter Communications Trading Up 1.5 %

CHTR opened at $412.62 on Wednesday. The stock has a market capitalization of $61.76 billion, a PE ratio of 13.47, a P/E/G ratio of 0.64 and a beta of 1.14. Charter Communications has a 12-month low of $302.21 and a 12-month high of $458.30. The firm’s fifty day moving average price is $432.67 and its 200 day moving average price is $388.63. The company has a debt-to-equity ratio of 6.50, a current ratio of 0.33 and a quick ratio of 0.33.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, October 27th. The company reported $8.25 earnings per share for the quarter, topping analysts’ consensus estimates of $7.73 by $0.52. The company had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $13.64 billion. Charter Communications had a net margin of 8.60% and a return on equity of 34.63%. The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $7.38 earnings per share. As a group, research analysts expect that Charter Communications will post 31.37 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its holdings in Charter Communications by 20.5% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 141 shares of the company’s stock valued at $62,000 after acquiring an additional 24 shares during the period. Proficio Capital Partners LLC lifted its holdings in Charter Communications by 4.8% in the 3rd quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock worth $262,000 after buying an additional 27 shares during the period. CX Institutional lifted its holdings in Charter Communications by 2.3% in the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock worth $521,000 after buying an additional 27 shares during the period. Institute for Wealth Management LLC. lifted its holdings in Charter Communications by 2.5% in the 2nd quarter. Institute for Wealth Management LLC. now owns 1,199 shares of the company’s stock worth $440,000 after buying an additional 29 shares during the period. Finally, PDS Planning Inc lifted its holdings in Charter Communications by 3.4% in the 3rd quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after buying an additional 29 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.

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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.