Charter Communications (NASDAQ:CHTR) Earns “Sector Weight” Rating from KeyCorp

Charter Communications (NASDAQ:CHTR)‘s stock had its “sector weight” rating reiterated by research analysts at KeyCorp in a research note issued to investors on Monday,Benzinga reports.

Several other brokerages have also recently issued reports on CHTR. Bank of America reduced their price objective on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Sanford C. Bernstein set a $280.00 price objective on shares of Charter Communications and gave the company a “market perform” rating in a report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on Charter Communications from $370.00 to $325.00 and set a “hold” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada reduced their price target on shares of Charter Communications from $370.00 to $325.00 and set a “sector perform” rating for the company in a research report on Monday, October 6th. Finally, Citigroup initiated coverage on Charter Communications in a report on Monday, October 6th. They set a “buy” rating and a $325.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $369.59.

Charter Communications Price Performance

NASDAQ:CHTR opened at $233.84 on Monday. The stock’s fifty day moving average is $261.86 and its two-hundred day moving average is $328.50. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market capitalization of $31.94 billion, a P/E ratio of 6.40, a P/E/G ratio of 0.55 and a beta of 1.05. Charter Communications has a 52 week low of $215.93 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the firm earned $8.82 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts expect that Charter Communications will post 38.16 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Charter Communications by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company’s stock valued at $3,365,203,000 after acquiring an additional 39,944 shares during the last quarter. State Street Corp grew its holdings in Charter Communications by 3.2% in the second quarter. State Street Corp now owns 6,486,312 shares of the company’s stock valued at $2,651,669,000 after purchasing an additional 198,979 shares during the period. Norges Bank acquired a new position in Charter Communications during the second quarter worth approximately $1,145,387,000. Geode Capital Management LLC raised its stake in Charter Communications by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock worth $1,056,800,000 after purchasing an additional 41,206 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

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.