Charter Communications (NASDAQ:CHTR) Price Target Cut to $320.00

Charter Communications (NASDAQ:CHTR) had its price objective decreased by research analysts at Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 24.02% from the company’s current price.

CHTR has been the topic of several other research reports. Rosenblatt Securities decreased their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company cut their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research note on Friday, April 5th. Pivotal Research cut their target price on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Barclays cut their target price on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 2nd. Finally, Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Trading Up 0.2 %

NASDAQ CHTR opened at $258.03 on Tuesday. The stock’s 50-day simple moving average is $285.23 and its two-hundred day simple moving average is $355.98. Charter Communications has a twelve month low of $254.31 and a twelve month high of $458.30. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. The company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the previous year, the business earned $7.69 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts forecast that Charter Communications will post 32.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fairfield Bush & CO. acquired a new stake in shares of Charter Communications during the first quarter worth $94,000. American Century Companies Inc. lifted its stake in shares of Charter Communications by 10.6% during the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock worth $1,834,000 after buying an additional 322 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Charter Communications by 12,010.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock worth $660,000 after purchasing an additional 1,201 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Charter Communications by 4.5% during the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock worth $469,000 after purchasing an additional 37 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of Charter Communications by 19.4% during the first quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock worth $397,000 after purchasing an additional 118 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.