Charter Communications (NASDAQ:CHTR) Rating Lowered to “Hold” at StockNews.com

Charter Communications (NASDAQ:CHTR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities analysts have also recently issued reports on CHTR. Royal Bank of Canada boosted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research report on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Citigroup initiated coverage on shares of Charter Communications in a research note on Friday, March 14th. They issued a “buy” rating and a $425.00 target price for the company. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $389.39.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $382.02 on Wednesday. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. The business’s 50 day moving average price is $359.35 and its 200 day moving average price is $356.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $54.32 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the company posted $7.07 EPS. On average, sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently bought and sold shares of the company. Avior Wealth Management LLC lifted its position in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications in the 4th quarter valued at $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications in the 4th quarter valued at $36,000. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Charter Communications during the fourth quarter worth $45,000. 81.76% of the stock is currently owned by hedge funds and other 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.