Charter Communications (CHTR) Stock Rating Lowered by Barclays

Charter Communications (NASDAQ:CHTR) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a report released on Monday. They currently have a $283.00 price objective on the stock, up from their prior price objective of $267.01. Barclays’ price objective suggests a potential downside of 14.49% from the company’s previous close.

Several other brokerages also recently issued reports on CHTR. Citigroup raised their price objective on shares of Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. UBS restated a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group downgraded shares of Charter Communications from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $450.00 to $340.00 in a research note on Tuesday, September 5th. Royal Bank Of Canada raised their price objective on shares of Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research note on Monday, August 7th. Finally, Evercore ISI raised their price objective on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $378.12.

Shares of Charter Communications (NASDAQ:CHTR) opened at $330.95 on Monday. The stock has a market cap of $83,035.74, a price-to-earnings ratio of 207.45, a PEG ratio of 6.22 and a beta of 1.05. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications has a 52 week low of $271.32 and a 52 week high of $408.83.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. research analysts expect that Charter Communications will post 2.21 EPS for the current year.

In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were purchased at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. MML Investors Services LLC lifted its holdings in shares of Charter Communications by 1.3% during the second quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after acquiring an additional 11 shares during the period. Intrust Bank NA lifted its holdings in shares of Charter Communications by 3.3% during the second quarter. Intrust Bank NA now owns 980 shares of the company’s stock valued at $330,000 after acquiring an additional 31 shares during the period. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Charter Communications by 0.5% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 7,933 shares of the company’s stock valued at $2,672,000 after acquiring an additional 36 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after acquiring an additional 38 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Charter Communications by 1.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,411 shares of the company’s stock valued at $1,149,000 after acquiring an additional 38 shares during the period. 72.22% of the stock is owned by institutional investors.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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