Charter Communications (NASDAQ:CHTR) Price Target Cut to $380.00 by Analysts at Royal Bank of Canada

Charter Communications (NASDAQ:CHTR) had its target price reduced by analysts at Royal Bank of Canada from $390.00 to $380.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 9.61% from the stock’s current price.

Other equities research analysts have also issued reports about the company. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research note on Monday, September 30th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $383.89.

Charter Communications Stock Down 0.4 %

Shares of NASDAQ CHTR opened at $346.68 on Wednesday. The business has a fifty day moving average of $372.10 and a two-hundred day moving average of $348.73. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The stock has a market cap of $49.30 billion, a PE ratio of 10.86, a PEG ratio of 0.48 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $8.25 EPS. As a group, equities research analysts expect that Charter Communications will post 34.46 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. boosted its holdings in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Geode Capital Management LLC lifted its position in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC boosted its stake in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Charter Communications by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares during the last quarter. 81.76% of the stock is owned by 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.