Barclays Cuts Charter Communications (NASDAQ:CHTR) Price Target to $115.00

Charter Communications (NASDAQ:CHTR) had its price objective trimmed by Barclays from $130.00 to $115.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an underweight rating on the stock.

A number of other equities research analysts have also recently commented on CHTR. Zacks Research cut Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Royal Bank Of Canada lowered their price target on Charter Communications from $220.00 to $160.00 and set a “sector perform” rating for the company in a research report on Monday, July 20th. New Street Research dropped their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating for the company in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Reduce” and an average target price of $226.88.

Charter Communications Price Performance

CHTR stock opened at $145.20 on Monday. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.40 and a current ratio of 0.36. The firm has a 50 day moving average price of $135.79 and a 200-day moving average price of $182.35. Charter Communications has a 52-week low of $111.55 and a 52-week high of $285.96. The firm has a market capitalization of $17.86 billion, a price-to-earnings ratio of 3.77, a PEG ratio of 0.22 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. During the same quarter in the prior year, the business posted $9.18 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 42.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, Director Thomas Rutledge sold 69,633 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares of the company’s stock, valued at approximately $573,177.60. The trade was a 94.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mauricio Ramos purchased 9,929 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were bought at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the acquisition, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Capital Research Global Investors lifted its holdings in shares of Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after buying an additional 3,626,135 shares during the period. Dodge & Cox boosted its stake in shares of Charter Communications by 23.7% in the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after buying an additional 2,801,671 shares during the last quarter. Norges Bank bought a new stake in shares of Charter Communications in the fourth quarter worth $555,383,000. Voyager Global Management LP increased its position in Charter Communications by 1,380.0% during the fourth quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after acquiring an additional 1,725,000 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Charter Communications by 119.6% during the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Key Charter Communications News

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Citi maintained its Buy rating and set a $180 price target, implying meaningful potential upside from recent trading levels despite reducing its previous target. Citi Sticks to Their Buy Rating for Charter Communications
• Positive Sentiment: Charter recently exceeded quarterly EPS expectations, reporting $10.66 versus a $9.98 consensus estimate. Revenue was roughly in line with forecasts, which may be helping support the shares.
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $150 and changed its rating to Neutral. The revised target still represents modest upside, but the downgrade signals limited near-term conviction. JPMorgan Lowers Charter Communications Price Target
• Neutral Sentiment: RBC Capital Markets assigned Charter a Hold rating, adding to the cautious analyst tone. RBC Capital Gives Charter Communications a Hold Rating
• Negative Sentiment: Wells Fargo lowered its expectations for Charter, while TD Cowen also reduced its price target to $380. These revisions reinforce concerns about the company’s outlook, even though TD Cowen’s target remains well above the current share price. Wells Fargo Lowers Expectations for Charter Communications TD Cowen Lowers Charter Communications Price Target
• Negative Sentiment: Analyst commentary is also highlighting a potential broadband test, including pressure from subscriber trends and competition. Charter’s high leverage and year-over-year revenue decline add to the investment risks. Charter Communications Faces a Broadband Test

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.