BidaskClub downgraded shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a report issued on Friday morning.

A number of other equities research analysts have also weighed in on the company. Barclays set a $259.00 price target on Charter Communications and gave the stock a sell rating in a research note on Wednesday, October 10th. Buckingham Research dropped their price target on Charter Communications from $418.00 to $383.00 and set a buy rating on the stock in a research note on Monday, October 29th. Citigroup dropped their price target on Charter Communications from $375.00 to $370.00 and set a buy rating on the stock in a research note on Thursday, November 1st. Cowen upped their target price on Charter Communications from $337.00 to $357.00 and gave the company an outperform rating in a research report on Friday, December 7th. Finally, Zacks Investment Research lowered Charter Communications from a hold rating to a sell rating in a research report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $358.65.

Shares of CHTR stock opened at $294.54 on Friday. Charter Communications has a fifty-two week low of $250.10 and a fifty-two week high of $396.64. The stock has a market cap of $68.13 billion, a PE ratio of 111.15, a price-to-earnings-growth ratio of 1.13 and a beta of 1.22. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.23 and a current ratio of 0.23.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Sell-side analysts predict that Charter Communications will post 5.58 EPS for the current year.

In related news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.83% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. boosted its position in Charter Communications by 55.7% in the 3rd quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock worth $40,000 after purchasing an additional 44 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Charter Communications by 254.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after purchasing an additional 247 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in Charter Communications in the 3rd quarter worth approximately $106,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Charter Communications in the 3rd quarter worth approximately $109,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Charter Communications in the 2nd quarter worth approximately $129,000. Hedge funds and other institutional investors own 71.81% 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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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