Charter Communications (NASDAQ:CHTR) Cut to Hold at StockNews.com

StockNews.com cut shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a report published on Wednesday.

Several other equities analysts have also recently issued reports on the company. KeyCorp raised 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 price objective on shares of Charter Communications in a research report on Friday, January 31st. Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $393.18.

Charter Communications Trading Down 3.4 %

Charter Communications stock opened at $369.02 on Wednesday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The business’s fifty day simple moving average is $359.70 and its two-hundred day simple moving average is $356.44. The company has a market capitalization of $52.47 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced 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 quarter in the prior year, the business posted $7.07 EPS. As a group, equities analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted 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 worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC bought a new position in Charter Communications in the 4th quarter worth $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications in the 4th quarter worth $36,000. Brown Brothers Harriman & Co. raised its holdings in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in shares of Charter Communications in the fourth quarter valued at about $45,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.