Charter Communications (NASDAQ:CHTR) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

CHTR has been the subject of several other reports. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Benchmark reiterated a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Citigroup assumed coverage on shares of Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $389.39.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $384.77 on Wednesday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $54.71 billion, a PE ratio of 11.01, a P/E/G ratio of 0.44 and a beta of 1.13. The firm has a 50 day simple moving average of $358.64 and a 200-day simple moving average of $355.96. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter last year, the company earned $7.07 EPS. On average, equities analysts expect that Charter Communications will post 38.16 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP acquired a new stake in Charter Communications during the 4th quarter valued at $3,532,000. 111 Capital acquired a new stake in shares of Charter Communications during the fourth quarter valued at about $776,000. Siemens Fonds Invest GmbH increased its position in shares of Charter Communications by 179.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company’s stock worth $5,369,000 after acquiring an additional 10,068 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Charter Communications in the fourth quarter worth about $30,663,000. Finally, Challenger Wealth Management purchased a new position in Charter Communications in the fourth quarter valued at about $206,000. 81.76% of the stock is currently owned by hedge funds and other 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.