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.
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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