Charter Communications (NASDAQ:CHTR) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a research note issued to investors on Friday.

CHTR has been the subject of several other reports. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Benchmark restated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Finally, Citigroup initiated coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Four analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $393.18.

Charter Communications Stock Performance

Shares of CHTR opened at $338.29 on Friday. The company has a market capitalization of $48.02 billion, a PE ratio of 9.68, a PEG ratio of 0.44 and a beta of 1.12. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company’s 50 day moving average price is $360.56 and its 200 day moving average price is $357.50. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the firm earned $7.07 EPS. Research analysts expect that Charter Communications will post 38.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its position in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications during the fourth quarter worth $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications during the fourth quarter worth $36,000. Brown Brothers Harriman & Co. raised its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of Charter Communications during the 4th quarter worth about $45,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.