Charter Communications (NASDAQ:CHTR) Price Target Cut to $210.00 by Analysts at Sanford C. Bernstein

Charter Communications (NASDAQ:CHTR) had its target price cut by Sanford C. Bernstein from $220.00 to $210.00 in a research note issued to investors on Monday,MarketScreener reports. They currently have a market perform rating on the stock.

A number of other analysts also recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Benchmark decreased their price target on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and an average target price of $322.76.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $174.61 on Monday. Charter Communications has a 12 month low of $171.97 and a 12 month high of $437.06. The stock has a market cap of $22.11 billion, a price-to-earnings ratio of 4.72, a PEG ratio of 0.30 and a beta of 1.03. The stock’s 50 day moving average price is $223.35 and its 200 day moving average price is $218.00. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing the consensus estimate of $10.01 by ($0.84). The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $8.42 EPS. Equities research analysts anticipate that Charter Communications will post 43.39 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds have recently modified their holdings of CHTR. Optimize Financial Inc purchased a new position in shares of Charter Communications during the 3rd quarter valued at $1,557,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Charter Communications by 245.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after acquiring an additional 10,455 shares in the last quarter. AustralianSuper Pty Ltd acquired a new stake in Charter Communications in the third quarter valued at approximately $28,651,000. Rakuten Investment Management Inc. acquired a new stake in Charter Communications in the third quarter valued at approximately $5,260,000. Finally, CWM LLC lifted its stake in Charter Communications by 764.5% in the third quarter. CWM LLC now owns 23,195 shares of the company’s stock valued at $6,381,000 after acquiring an additional 20,512 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.