Charter Communications (NASDAQ:CHTR) Given New $250.00 Price Target at Barclays

Charter Communications (NASDAQ:CHTRFree Report) had its price objective reduced by Barclays from $280.00 to $250.00 in a report published on Tuesday morning, Benzinga reports. Barclays currently has an underweight rating on the stock.

CHTR has been the topic of a number of other reports. 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 report on Monday, March 18th. Wells Fargo & Company lowered shares of Charter Communications from an overweight rating to an equal weight rating and reduced their price target for the company from $460.00 to $340.00 in a report on Monday, February 5th. Benchmark reduced their price objective on shares of Charter Communications from $490.00 to $440.00 and set a buy rating for the company in a research note on Monday, February 5th. UBS Group reduced their price objective on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a research note on Thursday, March 28th. Finally, Pivotal Research reduced their price objective on shares of Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $401.00.

Read Our Latest Analysis on CHTR

Charter Communications Stock Down 2.2 %

Shares of CHTR stock opened at $278.02 on Tuesday. The company has a market capitalization of $40.38 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.44 and a beta of 0.96. Charter Communications has a one year low of $270.41 and a one year high of $458.30. The company’s fifty day moving average price is $305.32 and its 200-day moving average price is $370.32. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.69 earnings per share. Sell-side analysts expect that Charter Communications will post 33.33 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Large investors have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. purchased a new stake in shares of Charter Communications in the 4th quarter valued at $25,000. Janiczek Wealth Management LLC boosted its holdings in Charter Communications by 168.0% during the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after buying an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Charter Communications during the third quarter worth $31,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Charter Communications during the fourth quarter worth $44,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after buying an additional 100 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

About Charter Communications

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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.

Further Reading

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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