Charter Communications (NASDAQ:CHTR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “We remain concerned about the company’s operation in a saturated and competitive multi-channel U.S. video market. Charter continues to lose video customers due to cord-cutting. We view the high debt level as a potential hazard. Over the past three months, the stock price grew 1.7% but failed to beat the industry’s gain of 5.8%. On the flip side, Charter plans to launch its wireless services in 2018. The wireless venture is aimed at retaining customers in this competitive world. The company further plans to execute field trials for 5G wireless network. Charter and Altice USA have reached an agreement to broadcast their respective regional cable news networks. Charter and Viacom announced a multi-year renewal and expansion of their distribution relationship for the co-production of original content and collaboration around advanced advertising. Charter settled a pending year-long content licensing dispute with Univision Communications.”

Several other equities research analysts also recently weighed in on the stock. Moffett Nathanson raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $359.00 target price (up from $340.00) on shares of Charter Communications in a research note on Thursday, January 4th. Guggenheim raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. BidaskClub raised shares of Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Buckingham Research started coverage on shares of Charter Communications in a research report on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $382.53.

Shares of Charter Communications (CHTR) traded up $0.80 on Thursday, reaching $366.05. 1,381,533 shares of the company traded hands, compared to its average volume of 1,189,338. Charter Communications has a 1 year low of $306.16 and a 1 year high of $408.83. The stock has a market cap of $90,804.80, a P/E ratio of 124.09, a P/E/G ratio of 2.59 and a beta of 1.05. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. During the same period in the previous year, the company earned $0.69 earnings per share. Charter Communications’s quarterly revenue was up 4.2% on a year-over-year basis. research analysts predict that Charter Communications will post 2.21 earnings per share for the current year.

In other news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction on Monday, October 30th. The shares were bought at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametrica Management Ltd purchased a new position in shares of Charter Communications in the 3rd quarter valued at $226,000. Intl Fcstone Inc. purchased a new position in shares of Charter Communications in the 2nd quarter valued at $807,000. Commerzbank Aktiengesellschaft FI grew its position in shares of Charter Communications by 25.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock valued at $4,824,000 after buying an additional 2,711 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Charter Communications by 3.6% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,564 shares of the company’s stock valued at $11,834,000 after buying an additional 1,140 shares during the last quarter. Finally, Triple Frond Partners LLC grew its position in shares of Charter Communications by 19.4% in the 2nd quarter. Triple Frond Partners LLC now owns 387,654 shares of the company’s stock valued at $130,581,000 after buying an additional 63,100 shares during the last quarter. 72.15% of the stock is currently owned by hedge funds and other institutional investors.

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About Charter Communications

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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