Benchmark Lowers Charter Communications (NASDAQ:CHTR) Price Target to $435.00

Charter Communications (NASDAQ:CHTR) had its price objective dropped by analysts at Benchmark from $455.00 to $435.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target suggests a potential upside of 76.41% from the stock’s previous close.

Several other analysts also recently issued reports on CHTR. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, February 16th. Royal Bank Of Canada cut their price objective on shares of Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a report on Friday, January 16th. Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a report on Wednesday, January 28th. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Finally, Williams Trading set a $437.00 price objective on shares of Charter Communications in a report on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $334.00.

Charter Communications Trading Up 1.7%

Shares of CHTR stock traded up $4.10 during trading hours on Thursday, hitting $246.59. 586,833 shares of the company were exchanged, compared to its average volume of 1,898,008. The firm has a market cap of $31.23 billion, a P/E ratio of 6.81, a P/E/G ratio of 0.40 and a beta of 1.03. Charter Communications has a fifty-two week low of $180.38 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The company has a 50 day simple moving average of $225.75 and a two-hundred day simple moving average of $219.99.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the business earned $10.10 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. Equities analysts anticipate that Charter Communications will post 43.56 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds have recently made changes to their positions in CHTR. Quarry LP raised its stake in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. Altshuler Shaham Ltd bought a new stake in shares of Charter Communications during the 4th quarter worth $25,000. DV Equities LLC bought a new stake in shares of Charter Communications during the 4th quarter worth $25,000. Webster Bank N. A. bought a new stake in shares of Charter Communications during the 3rd quarter worth $28,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications during the 3rd quarter worth $30,000. 81.76% of the stock is currently owned by institutional investors.

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.