Charter Communications (NASDAQ:CHTR) Price Target Lowered to $297.00 at Rosenblatt Securities

Charter Communications (NASDAQ:CHTR) had its target price reduced by stock analysts at Rosenblatt Securities from $334.00 to $297.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Rosenblatt Securities’ target price indicates a potential upside of 15.31% from the stock’s current price.

A number of other research firms have also weighed in on CHTR. Barclays reduced their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. Benchmark dropped their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Bank of America dropped their price target on shares of Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $380.80.

Charter Communications Stock Performance

NASDAQ CHTR opened at $257.57 on Monday. The firm has a 50-day moving average of $285.75 and a 200-day moving average of $356.67. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $37.41 billion, a PE ratio of 8.58, a P/E/G ratio of 0.44 and a beta of 0.96. Charter Communications has a 52-week low of $254.31 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same quarter last year, the firm earned $7.69 EPS. Charter Communications’s revenue for the quarter was up .3% compared to the same quarter last year. On average, sell-side analysts anticipate that Charter Communications will post 32.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors boosted its position in shares of Charter Communications by 6.6% during the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after acquiring an additional 427,922 shares during the last quarter. Parnassus Investments LLC boosted its position in shares of Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after acquiring an additional 463,968 shares during the last quarter. Pzena Investment Management LLC lifted its position in Charter Communications by 21.0% in the third quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Putnam Investments LLC lifted its position in Charter Communications by 24.5% in the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the last quarter. Finally, Morgan Stanley lifted its position in Charter Communications by 15.8% in the third quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the last quarter. 81.76% of the stock is currently owned by 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.