Charter Communications (NASDAQ:CHTR) PT Lowered to $300.00

Charter Communications (NASDAQ:CHTR) had its target price lowered by Bank of America from $315.00 to $300.00 in a report released on Monday morning, Benzinga reports. Bank of America currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a research report on Friday, April 5th. Sanford C. Bernstein raised shares of Charter Communications from a market perform rating to an outperform rating and set a $370.00 price target for the company in a report on Monday, March 18th. UBS Group decreased their price target on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a report on Thursday, March 28th. Pivotal Research decreased their price target on shares of Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a report on Monday, February 5th. Finally, Barclays decreased their price target on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating for the company in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $356.47.

Charter Communications Price Performance

NASDAQ CHTR opened at $259.70 on Monday. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The firm’s 50 day moving average price is $279.16 and its 200-day moving average price is $343.46. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a market cap of $37.72 billion, a PE ratio of 8.40, a P/E/G ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter in the prior year, the business posted $6.65 earnings per share. Charter Communications’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts forecast that Charter Communications will post 31.81 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in Charter Communications by 23.3% during the first quarter. Janney Montgomery Scott LLC now owns 7,614 shares of the company’s stock valued at $2,213,000 after buying an additional 1,437 shares during the period. Blue Trust Inc. grew its position in shares of Charter Communications by 50.6% in the first quarter. Blue Trust Inc. now owns 9,804 shares of the company’s stock valued at $2,849,000 after purchasing an additional 3,296 shares during the period. Prosperity Consulting Group LLC acquired a new stake in shares of Charter Communications in the first quarter valued at about $1,923,000. Private Advisor Group LLC grew its position in shares of Charter Communications by 31.2% in the first quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after purchasing an additional 1,500 shares during the period. Finally, Norden Group LLC acquired a new stake in shares of Charter Communications in the first quarter valued at about $828,000. 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.