Charter Communications (NASDAQ:CHTR) Given Underperform Rating at BNP Paribas

BNP Paribas reiterated their underperform rating on shares of Charter Communications (NASDAQ:CHTR) in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a $290.00 price objective on the stock.

Several other research analysts also recently weighed in on CHTR. Citigroup initiated coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. StockNews.com downgraded Charter Communications from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Barclays lifted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $389.06.

Charter Communications Trading Down 0.3 %

NASDAQ:CHTR opened at $334.38 on Thursday. The business’s 50-day moving average is $358.24 and its two-hundred day moving average is $357.71. The firm has a market capitalization of $47.46 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the company posted $7.07 EPS. Research analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Norges Bank acquired a new position in Charter Communications during the 4th quarter worth $1,032,236,000. Price T Rowe Associates Inc. MD lifted its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the period. GAMMA Investing LLC grew its position in Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after buying an additional 855,961 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. Finally, LSV Asset Management increased its stake in Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after buying an additional 175,205 shares during the period. 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.