Charter Communications (NASDAQ:CHTR) Downgraded by BidaskClub

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BidaskClub downgraded shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a research note issued to investors on Friday, BidAskClub reports.

Other equities research analysts also recently issued reports about the stock. Guggenheim lifted their target price on shares of Charter Communications from $440.00 to $488.00 and gave the stock a buy rating in a research report on Thursday, September 19th. Bank of America reiterated a buy rating and set a $450.00 target price (up from $425.00) on shares of Charter Communications in a research report on Tuesday, July 30th. Citigroup assumed coverage on shares of Charter Communications in a research report on Thursday, June 13th. They set a buy rating and a $480.00 target price on the stock. Morgan Stanley lifted their target price on shares of Charter Communications from $420.00 to $450.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. Finally, Raymond James lifted their target price on shares of Charter Communications from $435.00 to $460.00 and gave the stock a strong-buy rating in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $418.85.

NASDAQ:CHTR opened at $406.21 on Friday. The firm’s 50 day simple moving average is $405.19 and its 200 day simple moving average is $385.21. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a one year low of $272.91 and a one year high of $431.43. The company has a market cap of $91.03 billion, a PE ratio of 77.82, a P/E/G ratio of 1.48 and a beta of 1.22.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that Charter Communications will post 6.58 EPS for the current year.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the firm’s 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 transaction, the director now owns 11,773 shares in the company, valued at approximately $4,588,879.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Charter Communications by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 12,278,062 shares of the company’s stock valued at $4,852,045,000 after acquiring an additional 78,800 shares in the last quarter. Invesco Ltd. increased its stake in shares of Charter Communications by 1.4% in the 2nd quarter. Invesco Ltd. now owns 4,243,402 shares of the company’s stock valued at $1,676,908,000 after acquiring an additional 58,473 shares in the last quarter. Longview Partners Guernsey LTD increased its stake in Charter Communications by 13.3% during the 2nd quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock valued at $1,279,751,000 after purchasing an additional 381,226 shares in the last quarter. Egerton Capital UK LLP increased its stake in Charter Communications by 1.5% during the 2nd quarter. Egerton Capital UK LLP now owns 2,889,662 shares of the company’s stock valued at $1,141,937,000 after purchasing an additional 42,802 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Charter Communications by 0.9% during the 2nd quarter. Northern Trust Corp now owns 2,000,210 shares of the company’s stock valued at $790,444,000 after purchasing an additional 16,961 shares in the last quarter. Institutional investors own 72.32% of the company’s stock.

Charter Communications Company Profile

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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