Charter Communications (NASDAQ:CHTR) Price Target Cut to $265.00 by Analysts at Royal Bank Of Canada

Charter Communications (NASDAQ:CHTR) had its price objective lowered by Royal Bank Of Canada from $325.00 to $265.00 in a research note published on Monday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research note on Tuesday, July 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a research note on Wednesday, October 8th. Bank of America dropped their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a research note on Monday. Finally, Wells Fargo & Company initiated coverage on shares of Charter Communications in a research note on Thursday, August 21st. They issued an “equal weight” rating and a $300.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $341.53.

Charter Communications Trading Down 5.0%

Shares of CHTR opened at $222.20 on Monday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications has a 1 year low of $214.83 and a 1 year high of $437.06. The company has a 50 day simple moving average of $260.84 and a two-hundred day simple moving average of $327.68. The firm has a market cap of $30.35 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period last year, the business posted $8.82 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHTR. Vanguard Group Inc. lifted its position in shares of Charter Communications by 0.5% during the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock worth $3,365,203,000 after purchasing an additional 39,944 shares during the last quarter. State Street Corp lifted its holdings in Charter Communications by 3.2% during the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after buying an additional 198,979 shares in the last quarter. Norges Bank bought a new stake in Charter Communications during the 2nd quarter valued at about $1,145,387,000. Geode Capital Management LLC lifted its holdings in Charter Communications by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after buying an additional 41,206 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after buying an additional 806,145 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

About Charter Communications

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.