Wolfe Research Lowers Charter Communications (NASDAQ:CHTR) to Underperform

Wolfe Research cut shares of Charter Communications (NASDAQ:CHTR) from a peer perform rating to an underperform rating in a research note published on Monday morning, MarketBeat Ratings reports. Wolfe Research currently has $300.00 target price on the stock.

Several other research analysts have also issued reports on CHTR. Bank of America raised their price target on Charter Communications from $360.00 to $385.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Raymond James downgraded Charter Communications from a market perform rating to an underperform rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $300.00 to $325.00 and gave the company a hold rating in a research note on Monday, July 29th. Citigroup upgraded Charter Communications from a sell rating to a neutral rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Finally, Pivotal Research boosted their price objective on Charter Communications from $400.00 to $435.00 and gave the company a buy rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $356.41.

Charter Communications Stock Up 0.1 %

Shares of CHTR opened at $329.24 on Monday. The firm has a market capitalization of $47.42 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The business’s fifty day moving average price is $345.31 and its two-hundred day moving average price is $304.23. Charter Communications has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same period last year, the company earned $8.05 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts predict that Charter Communications will post 32.52 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently made changes to their positions in the stock. CVA Family Office LLC boosted its holdings in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications in the 1st quarter valued at approximately $34,000. Riverview Trust Co acquired a new stake in shares of Charter Communications in the 1st quarter valued at approximately $40,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after buying an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new stake in shares of Charter Communications in the 2nd quarter valued at approximately $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.