Charter Communications (NASDAQ:CHTR) Price Target Cut to $150.00 by Analysts at BNP Paribas Exane

Charter Communications (NASDAQ:CHTR) had its price objective decreased by BNP Paribas Exane from $160.00 to $150.00 in a report published on Tuesday morning,MarketScreener reports. BNP Paribas Exane currently has an underperform rating on the stock.

A number of other research firms have also issued reports on CHTR. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday, January 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. TD Cowen increased their price objective on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. New Street Research dropped their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Price Performance

Charter Communications stock opened at $231.85 on Tuesday. The firm has a market capitalization of $29.36 billion, a PE ratio of 6.39, a P/E/G ratio of 0.36 and a beta of 1.05. Charter Communications has a 52 week low of $180.38 and a 52 week high of $437.06. The firm’s 50-day simple moving average is $211.77 and its 200 day simple moving average is $232.05. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $10.10 EPS. On average, equities research analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently modified their holdings of the stock. Dodge & Cox increased its position in Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after purchasing an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Charter Communications by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after buying an additional 885,935 shares during the period. State Street Corp increased its holdings in shares of Charter Communications by 22.7% during the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after buying an additional 1,475,383 shares during the last quarter. Capital Research Global Investors raised its position in shares of Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after buying an additional 3,626,135 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.