Charter Communications (NASDAQ:CHTR) Price Target Cut to $200.00 by Analysts at JPMorgan Chase & Co.

Charter Communications (NASDAQ:CHTR) had its price target lowered by JPMorgan Chase & Co. from $215.00 to $200.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on CHTR. BNP Paribas Exane reduced their price objective on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Zacks Research lowered Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. New Street Research cut their price target on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, The Goldman Sachs Group dropped their price objective on Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a report on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of “Reduce” and a consensus target price of $249.12.

Charter Communications Trading Down 1.7%

Shares of NASDAQ:CHTR opened at $129.16 on Monday. The firm has a fifty day moving average of $137.47 and a two-hundred day moving average of $186.15. The firm has a market capitalization of $15.89 billion, a P/E ratio of 3.49, a price-to-earnings-growth ratio of 0.24 and a beta of 0.71. Charter Communications has a 12-month low of $124.05 and a 12-month high of $402.15. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 4.56.

Charter Communications (NASDAQ:CHTR) last posted 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). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.56 billion. During the same quarter in the prior year, the firm earned $8.42 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts expect that Charter Communications will post 41.47 EPS for the current fiscal year.

Insider Activity

In related news, CEO Christopher L. Winfrey acquired 3,468 shares of the stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average price of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer owned 74,409 shares in the company, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Balan Nair acquired 1,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were bought at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the acquisition, the director owned 12,029 shares in the company, valued at $2,110,608.34. The trade was a 9.07% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 20,125 shares of company stock valued at $3,167,116. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently added to or reduced their stakes in the stock. Tema ETFs LLC grew its holdings in Charter Communications by 8.3% during the second quarter. Tema ETFs LLC now owns 1,889 shares of the company’s stock valued at $269,000 after purchasing an additional 145 shares during the last quarter. Polianta Ltd bought a new position in shares of Charter Communications in the second quarter valued at approximately $1,777,000. Czech National Bank lifted its stake in shares of Charter Communications by 1.5% in the second quarter. Czech National Bank now owns 23,804 shares of the company’s stock worth $3,385,000 after buying an additional 352 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Charter Communications by 61.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 77,213 shares of the company’s stock worth $10,980,000 after buying an additional 29,242 shares during the period. Finally, Central Pacific Bank Trust Division boosted its holdings in shares of Charter Communications by 3.0% during the 2nd quarter. Central Pacific Bank Trust Division now owns 5,383 shares of the company’s stock worth $766,000 after buying an additional 156 shares during the period. 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.