Deutsche Bank Aktiengesellschaft Lowers Charter Communications (NASDAQ:CHTR) Price Target to $320.00

Charter Communications (NASDAQ:CHTR) had its target price reduced by Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a research report released on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a research note on Monday, April 1st. Bank of America dropped their price objective on Charter Communications from $350.00 to $315.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. UBS Group decreased their target price on Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a research report on Thursday, March 28th. Wells Fargo & Company decreased their target price on Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a research report on Friday, April 5th. Finally, Pivotal Research reduced their price objective on Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $380.80.

Charter Communications Stock Performance

Charter Communications stock opened at $257.57 on Tuesday. Charter Communications has a 12 month low of $254.31 and a 12 month high of $458.30. The company has a market cap of $37.41 billion, a PE ratio of 8.58, a P/E/G ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The company has a fifty day moving average price of $285.75 and a two-hundred day moving average price of $356.67.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the prior year, the firm earned $7.69 earnings per share. Charter Communications’s revenue for the quarter was up .3% compared to the same quarter last year. Research analysts expect that Charter Communications will post 32.58 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sendero Wealth Management LLC increased its stake in shares of Charter Communications by 15.2% in the first quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company’s stock valued at $4,800,000 after buying an additional 2,177 shares in the last quarter. Aspiriant LLC increased its position in Charter Communications by 9.7% in the first quarter. Aspiriant LLC now owns 1,681 shares of the company’s stock worth $489,000 after purchasing an additional 148 shares during the period. Riverview Trust Co bought a new position in Charter Communications during the first quarter worth about $40,000. Caledonia Investments PLC boosted its holdings in Charter Communications by 9.7% during the first quarter. Caledonia Investments PLC now owns 141,400 shares of the company’s stock worth $41,043,000 after buying an additional 12,500 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in Charter Communications by 0.5% during the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock worth $2,344,000 after buying an additional 40 shares during the last quarter. 81.76% 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; 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.