Charter Communications (NASDAQ:CHTR) Price Target Cut to $115.00 by Analysts at Barclays

Charter Communications (NASDAQ:CHTR) had its price target reduced by Barclays from $130.00 to $115.00 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the stock.

CHTR has been the subject of several other research reports. Bank of America cut their price objective on Charter Communications from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company decreased their target price on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 7th. 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. BNP Paribas Exane cut their price target on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Finally, New Street Research reduced their price objective on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $230.62.

Charter Communications Stock Performance

NASDAQ CHTR opened at $131.61 on Monday. The stock has a market capitalization of $16.19 billion, a price-to-earnings ratio of 3.42, a PEG ratio of 0.23 and a beta of 0.71. The business’s 50 day moving average is $135.83 and its two-hundred day moving average is $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.

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

Insider Buying and Selling at Charter Communications

In other news, Director Mauricio Ramos bought 9,929 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $140.93 per share, with a total value of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares of the company’s stock, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Rutledge sold 69,633 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares of the company’s stock, valued at approximately $573,177.60. This represents a 94.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after acquiring an additional 3,626,135 shares in the last quarter. Dodge & Cox lifted its holdings in shares of Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares in the last quarter. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $555,383,000. Voyager Global Management LP grew its position in shares of Charter Communications by 1,380.0% in the fourth quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after purchasing an additional 1,725,000 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting 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.