TD Securities lowered shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a report issued on Thursday morning, BayStreet.CA reports. TD Securities currently has $460.00 target price on the stock, up from their prior target price of $440.00.

Several other research firms also recently weighed in on CHTR. Royal Bank of Canada lifted their target price on PVH to $145.00 and gave the company an outperform rating in a research report on Friday, March 29th. Citigroup initiated coverage on Charter Communications in a research report on Thursday, June 13th. They set a buy rating and a $480.00 target price on the stock. BidaskClub upgraded WhiteHorse Finance from a sell rating to a hold rating in a research report on Thursday. Pivotal Research raised their price target on Charter Communications from $425.00 to $500.00 and gave the company a buy rating in a report on Friday, July 12th. Finally, Rosenblatt Securities assumed coverage on Charter Communications in a report on Thursday, June 13th. They set a buy rating and a $480.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $396.94.

CHTR stock opened at $409.79 on Thursday. The stock has a market cap of $91.55 billion, a P/E ratio of 78.50, a P/E/G ratio of 1.34 and a beta of 1.24. Charter Communications has a 1 year low of $271.56 and a 1 year high of $417.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. The business has a fifty day moving average price of $396.83.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. Sell-side analysts expect that Charter Communications will post 7.1 earnings per share for the current year.

In other Charter Communications news, Director Lance Conn sold 927 shares of the business’s 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 directly owns 9,552 shares of the company’s stock, valued at $3,820,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Egerton Capital UK LLP increased its stake in Charter Communications by 21.4% during the first quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock worth $987,604,000 after acquiring an additional 502,358 shares during the last quarter. Geode Capital Management LLC increased its stake in Charter Communications by 8.2% during the fourth quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after acquiring an additional 167,729 shares during the last quarter. Norges Bank bought a new stake in Charter Communications during the fourth quarter worth approximately $360,022,000. Jackson Square Partners LLC increased its stake in Charter Communications by 53.1% during the first quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock worth $398,810,000 after acquiring an additional 398,865 shares during the last quarter. Finally, First Pacific Advisors LP increased its stake in Charter Communications by 4.0% during the first quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock worth $379,817,000 after acquiring an additional 42,485 shares during the last quarter. 71.92% of the stock is currently owned by institutional investors.

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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