Charter Communications (NASDAQ:CHTR) Given New $380.00 Price Target at TD Cowen

Charter Communications (NASDAQ:CHTR) had its price objective lowered by TD Cowen from $413.00 to $380.00 in a research report report published on Monday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group decreased their target price on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday, July 2nd. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Citigroup reduced their price target on shares of Charter Communications from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Finally, Freedom Capital raised shares of Charter Communications to a “hold” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $230.62.

Charter Communications Price Performance

CHTR stock opened at $131.61 on Monday. The stock has a 50-day moving average price of $135.83 and a two-hundred day moving average price of $183.27. Charter Communications has a 12-month low of $111.55 and a 12-month high of $309.40. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 4.32. The company has a market cap of $16.19 billion, a PE ratio of 3.42, a price-to-earnings-growth ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS 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 analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $9.18 earnings per share. As a group, research analysts predict that Charter Communications will post 41.29 EPS for the current year.

Insider Activity

In related news, Director Mauricio Ramos purchased 9,929 shares of Charter Communications stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, with a total value of $1,399,293.97. Following the transaction, the director owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the transaction, the director directly owned 3,968 shares in the company, valued at $583,057.92. This trade represents a 82.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new stake in shares of Charter Communications during the 1st quarter valued at about $25,000. Quarry LP raised its stake in Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Altshuler Shaham Ltd bought a new position in Charter Communications in the fourth quarter worth about $25,000. DV Equities LLC bought a new position in Charter Communications in the fourth quarter worth about $25,000. Finally, Geneos Wealth Management Inc. boosted its stake in Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Key Charter Communications News

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.

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.