BNP Paribas Reaffirms Underperform Rating for Charter Communications (NASDAQ:CHTR)

Charter Communications (NASDAQ:CHTR)‘s stock had its “underperform” rating restated by research analysts at BNP Paribas in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $290.00 price target on the stock. BNP Paribas’ price target would suggest a potential downside of 13.27% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $389.06.

Charter Communications Stock Down 0.3 %

CHTR opened at $334.38 on Thursday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $47.46 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The business’s 50-day simple moving average is $358.24 and its 200-day simple moving average is $357.71. Charter Communications has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the business earned $7.07 EPS. Analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CHTR. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. ST Germain D J Co. Inc. grew its position in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after buying an additional 77 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Charter Communications in the fourth quarter valued at $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the 4th quarter worth $36,000. Finally, Brown Brothers Harriman & Co. increased its stake in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares in the last quarter. Institutional investors 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.