Charter Communications (NASDAQ:CHTR) Price Target Cut to $292.00 by Analysts at Rosenblatt Securities

Charter Communications (NASDAQ:CHTR) had its price target reduced by Rosenblatt Securities from $297.00 to $292.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts also recently commented on the stock. Sanford C. Bernstein raised shares of Charter Communications from a market perform rating to an outperform rating and set a $370.00 price objective for the company in a report on Monday, March 18th. Pivotal Research reduced their price target on Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a research report on Monday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $375.00 to $320.00 and set a hold rating on the stock in a report on Tuesday, April 16th. Wells Fargo & Company reduced their target price on Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a report on Friday, April 5th. Finally, Barclays lowered their price target on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications presently has an average rating of Hold and an average target price of $356.47.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $259.76 on Monday. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The stock has a fifty day simple moving average of $280.49 and a two-hundred day simple moving average of $345.42. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 6.28. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to analysts’ expectations of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $6.65 EPS. Analysts anticipate that Charter Communications will post 31.89 earnings per share for the current year.

Institutional Trading of Charter Communications

Hedge funds have recently made changes to their positions in the stock. Benjamin F. Edwards & Company Inc. increased its stake in Charter Communications by 53.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 321 shares of the company’s stock valued at $93,000 after acquiring an additional 112 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new position in shares of Charter Communications in the 1st quarter worth about $11,306,000. China Universal Asset Management Co. Ltd. increased its position in shares of Charter Communications by 122.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 655 shares of the company’s stock valued at $190,000 after purchasing an additional 360 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Charter Communications by 12.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 16,629 shares of the company’s stock valued at $4,833,000 after buying an additional 1,800 shares in the last quarter. Finally, California First Leasing Corp lifted its position in Charter Communications by 7.3% in the 1st quarter. California First Leasing Corp now owns 12,640 shares of the company’s stock worth $3,674,000 after buying an additional 863 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

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.