Charter Communications (NASDAQ:CHTR) Stock Price Target Lowered at The Goldman Sachs Group

Charter Communications (NASDAQ:CHTR) had its price objective lowered by investment analysts at The Goldman Sachs Group from $120.00 to $110.00 in a research report issued on Friday. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 2.58% from the stock’s current price.

Several other research firms have also issued reports on CHTR. Benchmark reissued a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. Citigroup lowered their price target on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, July 28th. Bank of America reiterated a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a report on Monday, July 27th. Finally, TD Cowen dropped their target price on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $215.17.

Charter Communications Price Performance

NASDAQ:CHTR opened at $112.91 on Friday. Charter Communications has a 12-month low of $111.55 and a 12-month high of $285.82. The firm has a market cap of $13.47 billion, a price-to-earnings ratio of 2.93, a price-to-earnings-growth ratio of 0.25 and a beta of 0.69. The company’s 50-day moving average is $142.48 and its two-hundred day moving average is $161.32. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $9.18 earnings per share. Research analysts expect that Charter Communications will post 42.72 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Pure Financial Advisors LLC raised its holdings in shares of Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Charter Communications by 29.3% during the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock worth $75,000 after buying an additional 81 shares during the period. Rothschild Investment LLC lifted its stake in Charter Communications by 8.0% during the fourth quarter. Rothschild Investment LLC now owns 1,244 shares of the company’s stock valued at $260,000 after buying an additional 92 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Charter Communications by 0.3% in the first quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock worth $6,476,000 after buying an additional 100 shares during the period. Finally, V Square Quantitative Management LLC grew its position in Charter Communications by 3.9% during the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock worth $598,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.