Charter Communications (NASDAQ:CHTR) Price Target Cut to $140.00 by Analysts at Citigroup

Charter Communications (NASDAQ:CHTR) had its price objective decreased by equities research analysts at Citigroup from $180.00 to $140.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup‘s target price would indicate a potential upside of 22.19% from the company’s previous close.

Several other research firms have also weighed in on CHTR. JPMorgan Chase & Co. reduced their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Bank of America reiterated a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. BNP Paribas Exane dropped their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Finally, Wells Fargo & Company reduced their price target on Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $200.18.

Charter Communications Trading Down 0.8%

NASDAQ CHTR traded down $0.96 during mid-day trading on Tuesday, hitting $114.58. The company’s stock had a trading volume of 836,876 shares, compared to its average volume of 2,778,930. The firm has a market capitalization of $13.67 billion, a P/E ratio of 2.97, a price-to-earnings-growth ratio of 0.22 and a beta of 0.70. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications has a 52-week low of $101.11 and a 52-week high of $254.11. The stock’s fifty day simple moving average is $123.53 and its two-hundred day simple moving average is $164.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Michigan Retirement System lifted its position in Charter Communications by 1,547.4% during the 1st quarter. State of Michigan Retirement System now owns 431,582 shares of the company’s stock worth $93,170,000 after acquiring an additional 405,385 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Charter Communications by 443.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company’s stock worth $46,565,000 after purchasing an additional 342,668 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Charter Communications by 562.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company’s stock worth $36,426,000 after purchasing an additional 278,898 shares during the period. Tidal Investments LLC raised its position in shares of Charter Communications by 737.5% during the second quarter. Tidal Investments LLC now owns 241,503 shares of the company’s stock valued at $34,344,000 after buying an additional 212,668 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Charter Communications by 2,627.8% in the third quarter. Commonwealth Equity Services LLC now owns 209,715 shares of the company’s stock valued at $23,257,000 after buying an additional 202,027 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.