Charter Communications (NASDAQ:CHTR) Downgraded by BidaskClub

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Charter Communications (NASDAQ:CHTR) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday, BidAskClub reports.

Several other research firms have also recently weighed in on CHTR. Credit Suisse Group raised their price objective on shares of Charter Communications from $370.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Nomura raised their price objective on shares of Charter Communications from $350.00 to $380.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Cowen raised their price objective on shares of Charter Communications from $413.00 to $433.00 and gave the company an “in-line” rating in a research report on Monday, July 29th. Raymond James raised their price objective on shares of Charter Communications from $435.00 to $460.00 and gave the company a “strong-buy” rating in a research report on Monday, July 29th. Finally, Macquarie initiated coverage on shares of Charter Communications in a research report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $415.71.

CHTR opened at $379.37 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. The firm has a market cap of $84.07 billion, a PE ratio of 72.68, a PEG ratio of 1.31 and a beta of 1.23. Charter Communications has a 1-year low of $272.91 and a 1-year high of $417.13. The company has a 50-day moving average of $397.23.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.40). The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.40 billion. Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.15 EPS. On average, sell-side analysts expect that Charter Communications will post 6.91 EPS for the current fiscal year.

In other news, Director Craig A. Jacobson sold 1,000 shares of Charter Communications stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the sale, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lance Conn sold 927 shares of Charter Communications stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The disclosure for this sale can be found here. 0.84% of the stock is owned by insiders.

Several large investors have recently modified their holdings of CHTR. Asset Dedication LLC grew its holdings in Charter Communications by 5.5% during the first quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $183,000 after purchasing an additional 28 shares during the period. Lindbrook Capital LLC grew its holdings in Charter Communications by 8.6% during the first quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock valued at $122,000 after purchasing an additional 28 shares during the period. Connable Office Inc. grew its holdings in Charter Communications by 0.7% during the first quarter. Connable Office Inc. now owns 4,426 shares of the company’s stock valued at $1,535,000 after purchasing an additional 30 shares during the period. Whitener Capital Management Inc. grew its holdings in Charter Communications by 16.8% during the second quarter. Whitener Capital Management Inc. now owns 209 shares of the company’s stock valued at $82,000 after purchasing an additional 30 shares during the period. Finally, Huntington National Bank grew its holdings in Charter Communications by 31.1% during the first quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares during the period. Institutional investors own 72.55% of the company’s stock.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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