Charter Communications (NASDAQ:CHTR) Rating Lowered to Hold at StockNews.com

Charter Communications (NASDAQ:CHTR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other analysts have also issued reports on CHTR. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, Barclays raised their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $393.18.

Charter Communications Price Performance

CHTR opened at $368.40 on Friday. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The firm has a 50-day moving average of $361.15 and a 200 day moving average of $357.53. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $52.29 billion, a P/E ratio of 10.54, a PEG ratio of 0.44 and a beta of 1.12.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating 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 in the prior year, the company posted $7.07 earnings per share. On average, research analysts expect that Charter Communications will post 38.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in Charter Communications by 29.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company’s stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Charter Communications during the 4th quarter valued at $3,532,000. 111 Capital bought a new stake in shares of Charter Communications during the 4th quarter worth $776,000. Siemens Fonds Invest GmbH grew its position in Charter Communications by 179.9% in 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 in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Charter Communications in the fourth quarter valued at $30,663,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

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.