Deutsche Bank Aktiengesellschaft Trims Charter Communications (NASDAQ:CHTR) Target Price to $320.00

Charter Communications (NASDAQ:CHTR) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also recently weighed in on CHTR. Sanford C. Bernstein upgraded shares of Charter Communications from a market perform rating to an outperform rating and set a $370.00 target price on the stock in a research note on Monday, March 18th. Benchmark dropped their target price on shares of Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a research note on Monday, February 5th. Pivotal Research dropped their target price on shares of Charter Communications from $500.00 to $450.00 and set a buy rating on the stock in a research note on Monday, February 5th. Rosenblatt Securities dropped their target price on shares of Charter Communications from $334.00 to $297.00 and set a neutral rating on the stock in a research note on Monday. Finally, Bank of America dropped their target price on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating on the stock in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $380.80.

Charter Communications Trading Up 0.7 %

Shares of CHTR stock opened at $259.91 on Tuesday. Charter Communications has a 52-week low of $254.31 and a 52-week high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day simple moving average of $284.78 and a two-hundred day simple moving average of $355.31. The company has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the previous year, the company posted $7.69 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts anticipate that Charter Communications will post 32.58 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wetzel Investment Advisors Inc. bought a new stake in Charter Communications during the 4th quarter worth approximately $25,000. Janiczek Wealth Management LLC increased its holdings in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after acquiring an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new stake in Charter Communications during the 3rd quarter worth approximately $31,000. Riverview Trust Co bought a new stake in Charter Communications during the 1st quarter worth approximately $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in Charter Communications during the 4th quarter worth approximately $44,000. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.