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

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

A number of other research analysts have also issued reports on the company. Citigroup initiated coverage on Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. BNP Paribas reissued an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $387.88.

Charter Communications Trading Up 1.8 %

Shares of NASDAQ:CHTR opened at $340.40 on Friday. The company has a 50 day moving average of $358.15 and a 200-day moving average of $358.09. 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 firm has a market cap of $48.32 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the business earned $7.07 earnings per share. As a group, analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors have recently made changes to their positions in the stock. ST Germain D J Co. Inc. lifted its position in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after buying an additional 77 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications during the fourth quarter valued at $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications in the fourth quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. increased its position in Charter Communications by 37.7% in 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. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.