Charter Communications (NASDAQ:CHTR) Price Target Lowered to $200.00 at BNP Paribas Exane

Charter Communications (NASDAQ:CHTR) had its price target decreased by BNP Paribas Exane from $255.00 to $200.00 in a report published on Tuesday,MarketScreener reports. BNP Paribas Exane currently has an underperform rating on the stock.

A number of other research analysts have also commented on CHTR. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a research note on Tuesday, September 2nd. They set a “sell” rating and a $223.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Charter Communications in a research report on Wednesday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 price objective (down from $350.00) on shares of Charter Communications in a report on Monday. Finally, Benchmark lowered their price objective on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Charter Communications presently has a consensus rating of “Reduce” and an average target price of $329.56.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $220.91 on Tuesday. Charter Communications has a 12-month low of $214.83 and a 12-month high of $437.06. The company has a market cap of $30.17 billion, a PE ratio of 6.05, a P/E/G ratio of 0.55 and a beta of 1.05. The stock has a 50 day simple moving average of $259.92 and a 200-day simple moving average of $326.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $13.76 billion. During the same quarter in the prior year, the business earned $8.82 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

A number of large investors have recently added to or reduced their stakes in CHTR. Y Intercept Hong Kong Ltd boosted its position in Charter Communications by 113.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after acquiring an additional 4,273 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Charter Communications by 25.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after purchasing an additional 2,990 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Charter Communications by 8.5% in the second quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after purchasing an additional 2,560 shares in the last quarter. First Pacific Advisors LP boosted its holdings in shares of Charter Communications by 1.2% during the second quarter. First Pacific Advisors LP now owns 626,508 shares of the company’s stock worth $256,123,000 after purchasing an additional 7,499 shares during the period. Finally, Fulton Breakefield Broenniman LLC purchased a new position in Charter Communications during the second quarter valued at approximately $789,000. 81.76% of the stock is currently owned by 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.