Charter Communications (NASDAQ:CHTR) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Tuesday.
Several other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th. Robert W. Baird reissued a “hold” rating and set a $335.00 price target on shares of Charter Communications in a research report on Monday, April 2nd. Barclays upped their price target on Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, February 5th. BidaskClub lowered Charter Communications from a “sell” rating to a “strong sell” rating in a research report on Friday, March 2nd. Finally, Cowen initiated coverage on Charter Communications in a research report on Monday, March 26th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company. Charter Communications has an average rating of “Hold” and a consensus price target of $388.82.
Get Charter Communications alerts:CHTR stock opened at $266.55 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 1.43. The company has a market cap of $64.16 billion, a P/E ratio of 100.58, a PEG ratio of 3.21 and a beta of 1.20. Charter Communications has a 12-month low of $250.10 and a 12-month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The business had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a return on equity of 1.15% and a net margin of 23.55%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. sell-side analysts expect that Charter Communications will post 4 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of CHTR. Price Capital Management Inc. acquired a new position in shares of Charter Communications during the fourth quarter valued at $101,000. Assetmark Inc. increased its holdings in shares of Charter Communications by 166.7% during the first quarter. Assetmark Inc. now owns 360 shares of the company’s stock valued at $112,000 after purchasing an additional 225 shares during the period. Kings Point Capital Management increased its holdings in shares of Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after purchasing an additional 141 shares during the period. Silvant Capital Management LLC acquired a new position in shares of Charter Communications during the first quarter valued at $117,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after purchasing an additional 214 shares during the period. 69.51% of the stock is currently owned by institutional investors.
About Charter Communications
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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