Charter Communications (NASDAQ:CHTR) Price Target Cut to $240.00 by Analysts at Royal Bank Of Canada

Charter Communications (NASDAQ:CHTR) had its target price reduced by Royal Bank Of Canada from $265.00 to $240.00 in a report released on Friday morning,MarketScreener reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

A number of other equities analysts have also recently commented on CHTR. BNP Paribas Exane reduced their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. UBS Group dropped their price objective on Charter Communications from $355.00 to $233.00 and set a “neutral” rating for the company in a report on Monday, December 22nd. Barclays decreased their price target on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $180.00 target price (down from $240.00) on shares of Charter Communications in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $313.31.

Charter Communications Price Performance

Shares of CHTR stock opened at $189.76 on Friday. The company has a market cap of $24.56 billion, a P/E ratio of 5.27, a PEG ratio of 0.53 and a beta of 1.06. The stock’s 50-day moving average is $204.71 and its 200 day moving average is $258.90. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. Charter Communications has a 1-year low of $187.85 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $8.82 earnings per share. Research analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. This trade represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Institutional Trading of Charter Communications

Several institutional investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd boosted its position in shares of Charter Communications by 113.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after buying an additional 4,273 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of Charter Communications by 11.8% in the second quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock valued at $15,552,000 after purchasing an additional 4,000 shares in the last quarter. WBI Investments LLC grew its holdings in Charter Communications by 74.9% during the second quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after purchasing an additional 1,489 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Charter Communications by 25.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock valued at $6,028,000 after buying an additional 2,990 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Charter Communications by 8.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock worth $13,386,000 after purchasing an additional 2,560 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.