Charter Communications (NASDAQ:CHTR) Price Target Cut to $101.00 by Analysts at Wells Fargo & Company

Charter Communications (NASDAQ:CHTR) had its target price trimmed by Wells Fargo & Company from $160.00 to $101.00 in a research note issued to investors on Monday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

CHTR has been the topic of several other research reports. Barclays cut their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday. Zacks Research lowered shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Citigroup cut their price objective 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. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a research note on Monday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Charter Communications from $215.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Charter Communications has an average rating of “Reduce” and an average target price of $230.62.

Charter Communications Stock Up 6.7%

Shares of NASDAQ:CHTR opened at $131.61 on Monday. The company has a 50-day moving average price of $135.83 and a 200 day moving average price of $183.27. 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 has a 12 month low of $111.55 and a 12 month high of $309.40. The company has a market cap of $16.19 billion, a price-to-earnings ratio of 3.42, a PEG ratio of 0.23 and a beta of 0.71.

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

Insider Buying and Selling at Charter Communications

In related news, Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the completion of the acquisition, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. This trade represents a 105.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas Rutledge sold 18,200 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the transaction, the director directly owned 3,968 shares in the company, valued at $583,057.92. This represents a 82.10% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently added to or reduced their stakes in CHTR. Capital Research Global Investors grew its stake in Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after acquiring an additional 3,626,135 shares in the last quarter. Dodge & Cox raised its stake in shares of Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after acquiring an additional 2,801,671 shares in the last quarter. Norges Bank bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $555,383,000. Voyager Global Management LP boosted its holdings 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 period. Finally, First Eagle Investment Management LLC boosted its holdings 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 period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications News Summary

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.