Charter Communications (NASDAQ:CHTR) Hits New 12-Month Low Following Analyst Downgrade

Charter Communications, Inc. (NASDAQ:CHTR)’s stock price reached a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $375.00 to $320.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Charter Communications traded as low as $254.31 and last traded at $257.87, with a volume of 178913 shares traded. The stock had previously closed at $256.90.

A number of other equities analysts also recently weighed in on the stock. Bank of America cut their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 9th. Wells Fargo & Company cut their price target on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research note on Monday, April 1st. Barclays cut their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Pivotal Research cut their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $380.80.

Institutional Investors Weigh In On Charter Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. purchased a new stake in Charter Communications during the 4th quarter worth $25,000. Janiczek Wealth Management LLC grew its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Charter Communications during the 3rd quarter worth $31,000. Riverview Trust Co acquired a new position in Charter Communications during the 1st quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications during the 4th quarter worth $44,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

The company has a market capitalization of $37.41 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company’s fifty day simple moving average is $285.75 and its two-hundred day simple moving average is $356.67.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data 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 company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. Charter Communications’s revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $7.69 earnings per share. Equities research analysts predict that Charter Communications, Inc. will post 32.58 earnings per share for the current fiscal year.

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.