Charter Communications (CHTR) Rating Lowered to Hold at BidaskClub

Charter Communications (NASDAQ:CHTR) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other equities analysts have also weighed in on the stock. Barclays set a $259.00 price target on shares of Charter Communications and gave the stock a “sell” rating in a research report on Wednesday, October 10th. Buckingham Research dropped their price target on shares of Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Citigroup dropped their price target on shares of Charter Communications from $375.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. Cowen upped their price target on shares of Charter Communications from $337.00 to $357.00 and gave the stock an “outperform” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $358.65.

CHTR opened at $292.67 on Friday. The company has a market capitalization of $69.30 billion, a price-to-earnings ratio of 110.44, a PEG ratio of 1.15 and a beta of 1.22. Charter Communications has a 1-year low of $250.10 and a 1-year high of $396.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $1.06. The business had revenue of $10.89 billion during the quarter, compared to analyst estimates of $10.93 billion. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share. Equities research analysts anticipate that Charter Communications will post 5.58 earnings per share for the current fiscal year.

In related news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total transaction of $46,687,101.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Cornerstone Advisors Inc. raised its stake in Charter Communications by 55.7% during the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after purchasing an additional 44 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in Charter Communications during the third quarter valued at $106,000. Honkamp Krueger Financial Services Inc. purchased a new stake in Charter Communications during the third quarter valued at $109,000. Chicago Partners Investment Group LLC raised its stake in Charter Communications by 254.6% during the second quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after purchasing an additional 247 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Charter Communications during the second quarter valued at $129,000. Hedge funds and other institutional investors own 71.81% of the company’s stock.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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