Deutsche Bank Aktiengesellschaft Lowers Charter Communications (NASDAQ:CHTR) Price Target to $325.00

Charter Communications (NASDAQ:CHTR) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $370.00 to $325.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 14.95% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Citigroup initiated coverage on Charter Communications in a research note on Monday. They set a “buy” rating and a $325.00 price target on the stock. Royal Bank Of Canada lowered their target price on Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a report on Monday. UBS Group cut their price target on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Wolfe Research raised shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. Finally, KeyCorp cut their target price on shares of Charter Communications from $500.00 to $430.00 and set an “overweight” rating on the stock in a research note on Friday. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $373.71.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $282.74 on Monday. The firm has a market cap of $38.62 billion, a PE ratio of 7.74, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications has a 52 week low of $251.80 and a 52 week high of $437.06. The business’s fifty day simple moving average is $266.99 and its 200-day simple moving average is $341.93.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). The company had revenue of $13.77 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $8.49 earnings per share. Equities analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Balan Nair acquired 360 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares in the company, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher L. Winfrey bought 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the purchase, the chief executive officer owned 70,243 shares of the company’s stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The disclosure for this purchase can be found here. 0.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in the business. Sanders Morris Harris LLC purchased a new position in Charter Communications in the third quarter valued at approximately $334,000. Central Pacific Bank Trust Division boosted its position in shares of Charter Communications by 4.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 4,475 shares of the company’s stock valued at $1,231,000 after purchasing an additional 175 shares during the period. Osaic Holdings Inc. grew its stake in Charter Communications by 34.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,675 shares of the company’s stock worth $3,129,000 after buying an additional 1,983 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares during the last quarter. Finally, Stance Capital LLC purchased a new stake in Charter Communications in the 2nd quarter valued at $2,120,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.