Bank of America Cuts Charter Communications (NASDAQ:CHTR) Price Target to $300.00

Charter Communications (NASDAQ:CHTR) had its price target decreased by Bank of America from $315.00 to $300.00 in a research report report published on Monday, Benzinga reports. Bank of America currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. Benchmark cut their target price on Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. cut their price objective on Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a research report on Monday, April 1st. Wells Fargo & Company cut their price objective on Charter Communications from $340.00 to $290.00 and set an equal weight rating on the stock in a research report on Friday, April 5th. Pivotal Research cut their price objective on Charter Communications from $500.00 to $450.00 and set a buy rating on the stock in a research report on Monday, February 5th. Finally, UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a neutral rating on the stock in a research report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $356.47.

Charter Communications Stock Up 1.5 %

NASDAQ CHTR opened at $259.70 on Monday. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31. The stock has a market capitalization of $37.72 billion, a PE ratio of 8.40, a PEG ratio of 0.46 and a beta of 0.96. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The business’s 50-day moving average is $279.16 and its 200 day moving average is $343.46.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. Sell-side analysts forecast that Charter Communications will post 31.81 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds have recently added to or reduced their stakes in CHTR. Wetzel Investment Advisors Inc. purchased a new position in Charter Communications in the 4th quarter worth approximately $25,000. Riverview Trust Co purchased a new position in Charter Communications in the 1st quarter worth approximately $40,000. Turtle Creek Wealth Advisors LLC bought a new stake in Charter Communications in the 4th quarter worth approximately $44,000. Cullen Frost Bankers Inc. grew its position in Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Finally, Catalyst Capital Advisors LLC grew its position in Charter Communications by 32.1% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after purchasing an additional 27 shares during the period. 81.76% of the stock is currently owned by hedge funds and other 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.