Charter Communications (NASDAQ:CHTR) Price Target Lowered to $230.00 at Citigroup

Charter Communications (NASDAQ:CHTR) had its price objective decreased by Citigroup from $290.00 to $230.00 in a research report sent to investors on Monday morning,MarketScreener reports. Citigroup currently has a buy rating on the stock.

CHTR has been the topic of a number of other research reports. New Street Research dropped their target price on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research note on Monday, January 26th. BNP Paribas Exane lowered their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. The Goldman Sachs Group cut their price objective on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Finally, Williams Trading set a $437.00 price objective on Charter Communications in a report on Monday, February 2nd. Six 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $322.76.

Charter Communications Trading Down 3.1%

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

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $8.42 EPS. On average, research analysts predict that Charter Communications will post 43.39 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP increased its holdings in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Charter Communications during the 4th quarter valued at approximately $25,000. DV Equities LLC acquired a new position in Charter Communications during the 4th quarter valued at approximately $25,000. Webster Bank N. A. acquired a new position in Charter Communications during the 3rd quarter worth $28,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in Charter Communications during the 3rd quarter worth $30,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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.