Charter Communications’ (CHTR) Underperform Rating Reaffirmed at Wolfe Research

Charter Communications (NASDAQ:CHTR)‘s stock had its “underperform” rating reiterated by analysts at Wolfe Research in a note issued to investors on Monday, Benzinga reports. They presently have a $118.00 price target on the stock. Wolfe Research’s price target suggests a potential downside of 19.05% from the stock’s current price.

CHTR has been the subject of several other reports. Citigroup reduced their price objective on Charter Communications from $190.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. UBS Group lowered their target price on Charter Communications from $235.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. BNP Paribas Exane cut their price target on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research note on Tuesday, July 14th. The Goldman Sachs Group decreased their price objective on Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a report on Thursday, July 2nd. Finally, Royal Bank Of Canada lowered their price objective on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $216.56.

Charter Communications Price Performance

CHTR opened at $145.77 on Monday. Charter Communications has a twelve month low of $111.55 and a twelve month high of $285.82. The company’s 50-day moving average price is $143.65 and its two-hundred day moving average price is $168.14. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of 3.79, a PEG ratio of 0.31 and a beta of 0.69. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.18 EPS. As a group, equities analysts expect that Charter Communications will post 42.72 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new stake in shares of Charter Communications during the first quarter valued at about $25,000. Quarry LP grew its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Charter Communications in the fourth quarter worth $25,000. DV Equities LLC bought a new position in Charter Communications in the 4th quarter worth about $25,000. Finally, Trust Co. of Vermont purchased a new position in shares of Charter Communications during the second quarter worth about $28,000. 81.76% of the stock is currently owned by institutional investors.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.