Charter Communications (NASDAQ:CHTR) Price Target Lowered to $220.00 at Royal Bank Of Canada

Charter Communications (NASDAQ:CHTR) had its price objective trimmed by Royal Bank Of Canada from $250.00 to $220.00 in a research note published on Monday, Marketbeat reports. The firm currently has a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Benchmark decreased their price objective on shares of Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company raised their price objective on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, February 2nd. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Sanford C. Bernstein lowered their target price on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Monday. Finally, New Street Research lowered their target price on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $322.76.

Charter Communications Trading Down 3.1%

Shares of NASDAQ CHTR opened at $174.61 on Monday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.39 and a current ratio of 0.40. Charter Communications has a 52-week low of $171.97 and a 52-week high of $437.06. The firm has a 50 day moving average price of $223.35 and a two-hundred day moving average price of $218.00. The stock has a market cap of $22.11 billion, a P/E ratio of 4.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.03.

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

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC grew its position in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. Occudo Quantitative Strategies LP boosted its holdings in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the period. Pure Financial Advisors LLC lifted its stake in shares of Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors 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.