Charter Communications (NASDAQ:CHTR) Price Target Lowered to $240.00 at Wells Fargo & Company

Charter Communications (NASDAQ:CHTR) had its target price lowered by Wells Fargo & Company from $300.00 to $240.00 in a research report report published on Monday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a report on Monday, October 6th. Citigroup started coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a “buy” rating and a $325.00 price target for the company. Arete Research raised shares of Charter Communications to a “strong sell” rating in a report on Tuesday, July 8th. Benchmark cut their price target on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a report on Monday. Finally, UBS Group cut their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $341.53.

Charter Communications Stock Performance

Shares of CHTR opened at $222.20 on Monday. The firm has a 50-day moving average price of $260.84 and a 200 day moving average price of $327.68. The firm has a market capitalization of $30.35 billion, a PE ratio of 6.08, a P/E/G ratio of 0.55 and a beta of 1.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications has a 52-week low of $214.83 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The company had revenue of $13.67 billion during the quarter, compared to the consensus estimate of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.82 EPS. On average, sell-side analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds have recently bought and sold shares of CHTR. Vontobel Holding Ltd. lifted its stake in Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock valued at $608,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Charter Communications by 120.4% in the first quarter. Teacher Retirement System of Texas now owns 17,801 shares of the company’s stock worth $6,560,000 after purchasing an additional 9,724 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Charter Communications by 2.6% in the first quarter. Principal Financial Group Inc. now owns 112,847 shares of the company’s stock worth $41,588,000 after purchasing an additional 2,825 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Charter Communications in the first quarter worth approximately $293,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.