Charter Communications (NASDAQ:CHTR) Price Target Lowered to $233.00 at UBS Group

Charter Communications (NASDAQ:CHTR) had its target price trimmed by UBS Group from $355.00 to $233.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Other research analysts have also recently issued research reports about the stock. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, November 3rd. Citigroup decreased their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $321.13.

Charter Communications Stock Up 0.5%

Shares of NASDAQ:CHTR opened at $206.02 on Monday. Charter Communications has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The company’s fifty day moving average is $218.12 and its 200-day moving average is $281.98. The company has a market capitalization of $26.66 billion, a PE ratio of 5.72, a P/E/G ratio of 0.65 and a beta of 1.07.

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 firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $8.82 EPS. Equities research analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the sale, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Charter Communications

Institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp acquired a new position in Charter Communications in the second quarter valued at approximately $25,000. Salem Investment Counselors Inc. raised its position in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after acquiring an additional 61 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Charter Communications in the 2nd quarter valued at $28,000. Webster Bank N. A. bought a new position in shares of Charter Communications in the 3rd quarter worth $28,000. Finally, Heritage Wealth Advisors bought a new position in shares of Charter Communications in the 2nd quarter worth $29,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.