Rosenblatt Securities Lowers Charter Communications (NASDAQ:CHTR) Price Target to $297.00

Charter Communications (NASDAQ:CHTR) had its price objective reduced by Rosenblatt Securities from $334.00 to $297.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on CHTR. Bank of America lowered their target price on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $340.00 to $290.00 and set an equal weight rating on the stock in a report on Friday, April 5th. Benchmark decreased their price objective on shares of Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a report on Monday, February 5th. Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a report on Tuesday, April 2nd. Finally, UBS Group decreased their price objective on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating on the stock in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $386.13.

Charter Communications Stock Down 1.4 %

Shares of NASDAQ:CHTR opened at $256.90 on Monday. The company has a market cap of $37.31 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 0.44 and a beta of 0.96. The firm’s 50-day simple moving average is $286.40 and its 200-day simple moving average is $357.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications has a fifty-two week low of $255.38 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to analysts’ expectations 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 was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $7.69 EPS. As a group, equities research analysts predict that Charter Communications will post 32.58 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently modified their holdings of CHTR. Parnassus Investments LLC acquired a new position in shares of Charter Communications in the third quarter valued at approximately $508,684,000. Norges Bank acquired a new position in Charter Communications during the fourth quarter worth approximately $310,727,000. Renaissance Technologies LLC increased its position in Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after purchasing an additional 445,200 shares during the last quarter. Capital International Investors increased its position in Charter Communications by 6.6% during the fourth quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after purchasing an additional 427,922 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Charter Communications by 507.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 477,631 shares of the company’s stock worth $260,557,000 after purchasing an additional 398,954 shares during the last quarter. Institutional investors and hedge funds 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.