Charter Communications (NASDAQ:CHTR) Given New $328.00 Price Target at New Street Research

Charter Communications (NASDAQ:CHTR) had its price objective reduced by New Street Research from $479.00 to $328.00 in a research note released on Thursday morning,MarketScreener reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently commented on the company. Williams Trading set a $437.00 price objective on Charter Communications in a report on Monday. Citigroup reduced their target price on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a report on Wednesday, January 28th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, January 26th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $335.67.

Charter Communications Stock Performance

Charter Communications stock opened at $226.89 on Thursday. The stock has a fifty day moving average price of $203.56 and a 200 day moving average price of $239.24. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 4.65. Charter Communications has a 52 week low of $180.38 and a 52 week high of $437.06. The firm has a market capitalization of $29.36 billion, a P/E ratio of 6.22, a PEG ratio of 0.40 and a beta of 1.05.

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

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its position in Charter Communications by 3.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after acquiring an additional 38 shares during the period. Parkside Financial Bank & Trust increased its position in Charter Communications by 20.7% during the second quarter. Parkside Financial Bank & Trust now owns 227 shares of the company’s stock worth $93,000 after buying an additional 39 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Charter Communications by 1.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP raised its position in shares of Charter Communications by 1.4% in the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the period. Finally, Rosenberg Matthew Hamilton lifted its position in Charter Communications by 15.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 318 shares of the company’s stock worth $130,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.