TD Cowen Cuts Charter Communications (NASDAQ:CHTR) Price Target to $380.00

Charter Communications (NASDAQ:CHTR) had its price objective cut by TD Cowen from $413.00 to $380.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently commented on CHTR. Royal Bank Of Canada reduced their price objective on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a research report on Monday. Barclays cut their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday. Freedom Capital raised Charter Communications to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Charter Communications from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $226.88.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $145.20 on Monday. Charter Communications has a 1 year low of $111.55 and a 1 year high of $285.96. The firm’s fifty day simple moving average is $135.79 and its 200 day simple moving average is $182.35. The company has a current ratio of 0.36, a quick ratio of 0.40 and a debt-to-equity ratio of 4.32. The firm has a market capitalization of $17.86 billion, a PE ratio of 3.77, a PEG ratio of 0.22 and a beta of 0.71.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. During the same quarter in the previous year, the business earned $9.18 EPS. The business’s revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications will post 42.65 EPS for the current year.

Insider Activity

In other news, Director Thomas Rutledge sold 18,200 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the purchase, the director directly owned 19,309 shares of the company’s stock, valued at $2,721,217.37. This trade represents a 105.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Charter Communications in the first quarter valued at approximately $25,000. Quarry LP lifted its holdings in Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd bought a new position in Charter Communications in the fourth quarter valued at approximately $25,000. Finally, DV Equities LLC acquired a new stake in Charter Communications during the 4th quarter worth $25,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.