Charter Communications (NASDAQ:CHTR) Price Target Lowered to $235.00 at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR) had its price objective decreased by investment analysts at Deutsche Bank Aktiengesellschaft from $275.00 to $235.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 10.01% from the company’s current price.

Other analysts also recently issued reports about the stock. Oppenheimer downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. TD Cowen increased their target price on shares of Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research note on Monday. Benchmark raised their target price on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group set a $425.00 price target on Charter Communications in a report on Thursday. Finally, BNP Paribas Exane set a $160.00 price objective on Charter Communications in a report on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $336.12.

Charter Communications Stock Performance

Shares of CHTR stock opened at $213.61 on Tuesday. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock has a market cap of $27.64 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. The business has a 50-day simple moving average of $202.35 and a 200-day simple moving average of $240.64.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the prior year, the business posted $10.10 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities analysts expect that Charter Communications will post 38.16 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Merritt sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently modified their holdings of CHTR. Atlantic Union Bankshares Corp acquired a new stake in shares of Charter Communications in the second quarter valued at about $25,000. Ameritas Advisory Services LLC acquired a new stake in Charter Communications in the 2nd quarter valued at about $28,000. Webster Bank N. A. purchased a new position in Charter Communications in the 3rd quarter worth approximately $28,000. Heritage Wealth Advisors acquired a new position in shares of Charter Communications during the 2nd quarter worth approximately $29,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications News Roundup

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Seeking Alpha publishes a bullish “Strong Buy” case, highlighting a depressed ~6x forward P/E, strong free cash flow, aggressive buybacks, moderating broadband losses, 19% YoY mobile line growth and returning video net adds — a thesis that supports upside from current levels. Article Title
• Positive Sentiment: TD Cowen bumped its price target to $437 and kept a Buy rating, citing upside that is materially above the current price — a high-profile bullish target that can support intraday buying interest. Article Title
• Positive Sentiment: Several analysts reportedly raised forecasts after Q4, per Benzinga — supportive analyst revisions can boost sentiment despite mixed quarter results. Article Title
• Neutral Sentiment: Coverage roundup piece from The Globe and Mail summarizes analyst commentary on Communication Services names including Charter — informative but not a direct catalyst. Article Title
• Neutral Sentiment: Short-interest data posted for early February is effectively non-informative (shows zero/NaN), so it does not appear to be a driver of today’s move.
• Neutral Sentiment: Wells Fargo raised its target to $200 but kept an “underweight” rating — a modest technical lift to the target but still cautious sentiment from the firm. Article Title
• Negative Sentiment: Goldman Sachs cut its price target to $185 and placed a “sell” rating on the stock — a clear negative anchor and source of downward pressure if other investors follow the move. Article Title

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.