Charter Communications (NASDAQ:CHTR) Given New $150.00 Price Target at Royal Bank Of Canada

Charter Communications (NASDAQ:CHTR) had its target price trimmed by Royal Bank Of Canada from $160.00 to $150.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. UBS Group reaffirmed a “neutral” rating and set a $235.00 price target on shares of Charter Communications in a research note on Thursday, June 25th. Zacks Research downgraded shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Wells Fargo & Company cut their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $230.62.

Charter Communications Stock Performance

CHTR opened at $131.61 on Monday. The company has a market capitalization of $16.19 billion, a price-to-earnings ratio of 3.42, a P/E/G ratio of 0.23 and a beta of 0.71. The business’s 50-day moving average price is $135.83 and its two-hundred day moving average price is $183.27. Charter Communications has a 1 year low of $111.55 and a 1 year high of $309.40. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.18 earnings per share. Equities analysts expect that Charter Communications will post 41.29 EPS for the current fiscal year.

Insider Activity at Charter Communications

In other news, Director Mauricio Ramos bought 9,929 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the purchase, the director owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Rutledge sold 69,633 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the transaction, the director owned 3,968 shares in the company, valued at approximately $573,177.60. The trade was a 94.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by insiders.

Institutional Trading of Charter Communications

Large investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new position in shares of Charter Communications in the 1st quarter valued at about $25,000. Quarry LP increased its stake in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Charter Communications in the 4th quarter valued at about $25,000. DV Equities LLC acquired a new stake in Charter Communications in the 4th quarter valued at about $25,000. Finally, Geneos Wealth Management Inc. lifted its stake in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Trending Headlines about Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Charter reported quarterly EPS of $10.66, exceeding the $9.98 consensus estimate, while revenue of $13.53 billion was broadly in line with expectations. The earnings beat and robust cash generation may be supporting investor interest despite a 1.7% year-over-year revenue decline.
• Positive Sentiment: Charter unveiled a nearly $20 billion debt exchange and new bond plan. The initiative could help manage maturities and improve financial flexibility, an important consideration for a highly leveraged company. Charter Unveils Nearly $20 Billion Debt Exchange and New Bond Plan
• Positive Sentiment: A bullish investment view argues that CHTR is priced at a distressed valuation, with substantial free cash flow, mobile-subscriber growth, network modernization and share repurchases potentially supporting long-term returns and deleveraging. Charter Communications: Keep Adding On The Way Down
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target to $380 from $413, implying substantial potential upside based on the reference price. TD Cowen price-target report
• Neutral Sentiment: Unusual options activity included 8,909 put contracts, about 10% above typical volume. This signals increased hedging or bearish speculation but does not establish a clear direction for the stock.
• Neutral Sentiment: Charter’s ability to stabilize its broadband customer base remains a key near-term question as investors assess customer losses, pricing and competition from fiber providers. Can Charter Communications Steady Its Broadband Base?
• Negative Sentiment: Several firms reduced their targets: RBC cut its target to $150 and assigned “sector perform,” while Barclays lowered its target to $115 and Wells Fargo to $101, with both firms maintaining “underweight” ratings. The revisions reflect concerns about broadband attrition, fiber competition and leverage.

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.