Wolfe Research Lowers Charter Communications (NASDAQ:CHTR) to Peer Perform

Wolfe Research lowered shares of Charter Communications (NASDAQ:CHTR) from an outperform rating to a peer perform rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports.

A number of other research firms also recently commented on CHTR. Raymond James downgraded shares of Charter Communications from a market perform rating to an underperform rating in a research note on Monday, July 29th. Morgan Stanley increased their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an equal weight rating in a research note on Monday, July 29th. Loop Capital dropped their target price on shares of Charter Communications from $335.00 to $285.00 and set a hold rating on the stock in a report on Monday, April 29th. Citigroup cut shares of Charter Communications from a neutral rating to a sell rating and dropped their target price for the company from $280.00 to $255.00 in a report on Wednesday, July 3rd. Finally, Rosenblatt Securities upped their target price on shares of Charter Communications from $292.00 to $329.00 and gave the company a neutral rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Charter Communications has a consensus rating of Hold and a consensus price target of $360.93.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $373.16 on Wednesday. The company has a fifty day moving average price of $303.49 and a 200 day moving average price of $296.54. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. The firm has a market cap of $53.75 billion, a PE ratio of 12.07, a PEG ratio of 0.70 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the prior year, the business posted $8.05 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Research analysts predict that Charter Communications will post 32.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Charter Communications by 2.9% in the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock valued at $39,957,000 after buying an additional 2,940 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock valued at $2,658,000 after buying an additional 3,080 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Charter Communications by 14.3% in the fourth quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after buying an additional 5,979 shares in the last quarter. Sands Capital Management LLC raised its position in shares of Charter Communications by 5.7% in the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after buying an additional 17,112 shares in the last quarter. Finally, Oakcliff Capital Partners LP raised its position in shares of Charter Communications by 8.2% in the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after buying an additional 2,900 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.