Charter Communications (NASDAQ:CHTR) PT Lowered to $297.00 at Rosenblatt Securities

Charter Communications (NASDAQ:CHTR) had its price objective cut by Rosenblatt Securities from $334.00 to $297.00 in a report published on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating for the company in a research note on Tuesday, April 2nd. Bank of America lowered their price target on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating for the company in a report on Tuesday, April 9th. Wells Fargo & Company lowered their price target on shares of Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a report on Friday, April 5th. JPMorgan Chase & Co. lowered their price target on shares of Charter Communications from $370.00 to $335.00 and set a neutral rating for the company in a report on Monday, April 1st. Finally, Pivotal Research lowered their price target on shares of Charter Communications from $500.00 to $450.00 and set a buy rating for the company in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $380.80.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $259.91 on Monday. Charter Communications has a 52-week low of $254.31 and a 52-week high of $458.30. The stock has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a fifty day moving average of $284.78 and a 200-day moving average of $355.31. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced 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 net margin of 8.35% and a return on equity of 32.32%. The business had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same period last year, the company posted $7.69 EPS. Charter Communications’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts expect that Charter Communications will post 32.58 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors raised its holdings in Charter Communications by 6.6% in the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock worth $2,671,608,000 after purchasing an additional 427,922 shares in the last quarter. Parnassus Investments LLC grew its position in shares of Charter Communications by 40.1% in the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after buying an additional 463,968 shares during the period. Pzena Investment Management LLC grew its position in shares of Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the period. Putnam Investments LLC grew its position in shares of Charter Communications by 24.5% in the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares during the period. Finally, Morgan Stanley grew its position in shares of Charter Communications by 15.8% in the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after buying an additional 161,830 shares during the period. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.