Charter Communications (NASDAQ:CHTR) Rating Lowered to “Strong Sell” at Zacks Research

Charter Communications (NASDAQ:CHTR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday, Zacks reports.

A number of other analysts have also recently commented on the stock. Citigroup upped their price target on shares of Charter Communications from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $118.00 target price on the stock. in a report on Monday, September 14th. Barclays dropped their target price on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Bank of America reiterated a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Finally, TD Cowen decreased their price objective on Charter Communications from $372.00 to $345.00 and set a “buy” rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $193.41.

Charter Communications Trading Up 1.7%

NASDAQ:CHTR opened at $136.31 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. The stock has a market capitalization of $16.26 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.71 and a beta of 0.73. The firm’s 50 day moving average is $119.72 and its 200 day moving average is $162.43. Charter Communications has a 12 month low of $101.11 and a 12 month high of $254.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing the consensus estimate of $8.94 by ($29.44). The firm had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $13.50 billion. Charter Communications had a net margin of 2.50% and a return on equity of 27.11%. Charter Communications’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the company posted $8.34 earnings per share. Sell-side analysts expect that Charter Communications will post 35.30 earnings per share for the current year.

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently bought and sold shares of the company. Gabelli Funds LLC grew its position in shares of Charter Communications by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after purchasing an additional 100 shares in the last quarter. NewEdge Advisors LLC boosted its stake in Charter Communications by 6.3% during the first quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock valued at $380,000 after buying an additional 104 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Charter Communications by 11.8% during the first quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock valued at $229,000 after buying an additional 112 shares during the period. Glenmede Trust Co. NA grew its position in Charter Communications by 2.1% during the first quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock worth $1,183,000 after buying an additional 113 shares in the last quarter. Finally, MCF Advisors LLC grew its position in Charter Communications by 106.5% during the second quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after buying an additional 115 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Charter Communications

Investors following CHTR have been watching these headlines:

• Neutral Sentiment: Morgan Stanley and Bernstein reiterated Hold ratings, signaling neither a strong endorsement nor a new bearish shift. Morgan Stanley Hold rating Bernstein Hold rating
• Negative Sentiment: Kahn Swick & Foti announced an investigation into Charter’s officers and directors related to the company’s participation in the federal Affordable Connectivity Program, which ended in 2024. The announcement creates potential legal and reputational uncertainty; it does not establish wrongdoing. Investigation announcement
• Negative Sentiment: A separate earnings-call analysis characterized Charter’s growth reset as costly, raising concerns about the expense of its strategy. Earnings call analysis

Charter Communications Company Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.