BNP Paribas Exane Cuts Charter Communications (NASDAQ:CHTR) Price Target to $200.00

Charter Communications (NASDAQ:CHTR) had its price objective lowered by BNP Paribas Exane from $255.00 to $200.00 in a report published on Tuesday morning,MarketScreener reports. The brokerage currently has an underperform rating on the stock.

Several other analysts have also recently issued reports on the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $280.00 price objective (down from $350.00) on shares of Charter Communications in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $370.00 to $325.00 and set a “hold” rating on the stock in a report on Monday, October 6th. Royal Bank Of Canada decreased their price objective on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research note on Monday. Wells Fargo & Company lowered their price objective on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Barclays cut their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Charter Communications currently has an average rating of “Reduce” and an average target price of $329.56.

Charter Communications Trading Down 3.2%

NASDAQ CHTR opened at $217.86 on Tuesday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $29.76 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.55 and a beta of 1.04. The firm has a 50 day simple moving average of $258.13 and a 200-day simple moving average of $325.39. Charter Communications has a one year low of $214.83 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR) last released 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 return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. During the same quarter last year, the company earned $8.82 earnings per share. Charter Communications’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CHTR. Gamco Investors INC. ET AL lifted its position in Charter Communications by 0.8% in the first quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company’s stock valued at $1,153,000 after acquiring an additional 25 shares during the last quarter. Allworth Financial LP increased its position in shares of Charter Communications by 10.5% during the first quarter. Allworth Financial LP now owns 283 shares of the company’s stock worth $104,000 after purchasing an additional 27 shares in the last quarter. Hemington Wealth Management lifted its holdings in shares of Charter Communications by 24.3% in the 1st quarter. Hemington Wealth Management now owns 143 shares of the company’s stock valued at $52,000 after purchasing an additional 28 shares during the last quarter. Cooper Financial Group lifted its holdings in shares of Charter Communications by 2.3% in the 2nd quarter. Cooper Financial Group now owns 1,260 shares of the company’s stock valued at $515,000 after purchasing an additional 28 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in shares of Charter Communications by 1.1% in the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company’s stock valued at $997,000 after purchasing an additional 29 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.