BNP Paribas Exane Has Lowered Expectations for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price lowered by BNP Paribas Exane from $160.00 to $150.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm currently has an “underperform” rating on the stock. BNP Paribas Exane’s target price indicates a potential downside of 34.78% from the company’s current price.

Other equities research analysts also recently issued reports about the company. New Street Research decreased their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Barclays reduced their price target on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Finally, Williams Trading set a $437.00 target price on Charter Communications in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $335.11.

Charter Communications Price Performance

NASDAQ CHTR opened at $229.98 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The firm has a market capitalization of $29.12 billion, a P/E ratio of 6.35, a PEG ratio of 0.36 and a beta of 1.05. The company has a 50-day moving average price of $211.36 and a 200-day moving average price of $232.23. Charter Communications has a 52 week low of $180.38 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.73 billion. During the same period in the prior year, the business posted $10.10 earnings per share. Charter Communications’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of large investors have recently made changes to their positions in CHTR. AQR Capital Management LLC raised its position in shares of Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Charter Communications by 16.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after purchasing an additional 128 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock valued at $493,000 after purchasing an additional 435 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Charter Communications by 141.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Charter Communications by 451.1% during the 1st quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after purchasing an additional 600 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.