Charter Communications (NASDAQ:CHTR) PT Lowered to $260.00

Charter Communications (NASDAQ:CHTR) had its price objective trimmed by Wells Fargo & Company from $290.00 to $260.00 in a report issued on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

CHTR has been the topic of a number of other reports. Rosenblatt Securities lowered their price target on shares of Charter Communications from $297.00 to $292.00 and set a neutral rating on the stock in a research report on Monday. Loop Capital dropped their price target on shares of Charter Communications from $335.00 to $285.00 and set a hold rating for the company in a research report on Monday. Pivotal Research reduced their price target on Charter Communications from $450.00 to $400.00 and set a buy rating on the stock in a research report on Monday. Barclays dropped their price objective on Charter Communications from $280.00 to $250.00 and set an underweight rating for the company in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $375.00 to $320.00 and set a hold rating on the stock in a research report on Tuesday, April 16th. One research 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. Based on data from MarketBeat.com, Charter Communications has an average rating of Hold and a consensus price target of $356.47.

Charter Communications Trading Up 1.5 %

Shares of NASDAQ:CHTR opened at $259.70 on Monday. The stock has a market cap of $37.72 billion, a PE ratio of 8.40, a P/E/G ratio of 0.46 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The business has a 50 day moving average of $279.16 and a 200-day moving average of $343.46.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $6.65 earnings per share. As a group, equities research analysts forecast that Charter Communications will post 31.81 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its holdings in shares of Charter Communications by 7.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,097 shares of the company’s stock valued at $482,000 after acquiring an additional 78 shares in the last quarter. PDS Planning Inc boosted its stake in shares of Charter Communications by 3.4% during the third quarter. PDS Planning Inc now owns 870 shares of the company’s stock valued at $383,000 after purchasing an additional 29 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Charter Communications by 87.9% during the third quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company’s stock worth $4,740,000 after purchasing an additional 5,043 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Charter Communications by 8.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,129 shares of the company’s stock valued at $6,214,000 after buying an additional 1,100 shares during the period. Finally, Live Oak Private Wealth LLC raised its holdings in Charter Communications by 0.3% in the 3rd quarter. Live Oak Private Wealth LLC now owns 17,569 shares of the company’s stock valued at $7,727,000 after buying an additional 54 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.