Charter Communications (NASDAQ:CHTR) Given New $150.00 Price Target at BNP Paribas Exane

Charter Communications (NASDAQ:CHTR) had its price objective reduced by equities researchers at BNP Paribas Exane from $160.00 to $150.00 in a research note issued to investors on Tuesday,MarketScreener reports. The firm presently has an “underperform” rating on the stock. BNP Paribas Exane’s price target would indicate a potential downside of 34.78% from the company’s current price.

A number of other equities analysts have also commented on CHTR. TD Cowen lifted their price target on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. KeyCorp restated a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Benchmark increased their price objective on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. UBS Group set a $425.00 target price on shares of Charter Communications in a report on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $275.00 to $235.00 and set a “hold” rating on the stock in a report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $335.11.

Charter Communications Price Performance

NASDAQ CHTR opened at $229.98 on Tuesday. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a 50 day simple moving average of $211.36 and a 200-day simple moving average of $232.23. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $29.12 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the company posted $10.10 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Equities research analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of Charter Communications by 15.4% in the 4th quarter. Invesco Ltd. now owns 2,777,898 shares of the company’s stock worth $579,886,000 after purchasing an additional 370,167 shares in the last quarter. Rare Wolf Capital LLC purchased a new position in Charter Communications during the 4th quarter valued at $1,375,000. Corient Private Wealth LLC boosted its stake in shares of Charter Communications by 43.1% during the 4th quarter. Corient Private Wealth LLC now owns 13,402 shares of the company’s stock valued at $2,798,000 after purchasing an additional 4,034 shares in the last quarter. Caitlin John LLC raised its stake in Charter Communications by 103.3% in the fourth quarter. Caitlin John LLC now owns 305 shares of the company’s stock worth $64,000 after buying an additional 155 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in shares of Charter Communications by 94.1% in the 4th quarter. Vident Advisory LLC now owns 10,850 shares of the company’s stock valued at $2,265,000 after purchasing an additional 5,260 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.