Charter Communications (NASDAQ:CHTR – Get Rating) had its price objective lowered by KeyCorp from $563.00 to $555.00 in a report released on Tuesday, Marketbeat.com reports. The firm currently has an overweight rating on the stock. KeyCorp also issued estimates for Charter Communications’ Q3 2022 earnings at $7.88 EPS, Q4 2022 earnings at $9.03 EPS, FY2022 earnings at $32.62 EPS, Q1 2023 earnings at $9.47 EPS, Q2 2023 earnings at $8.91 EPS, Q3 2023 earnings at $8.69 EPS, Q4 2023 earnings at $9.33 EPS and FY2023 earnings at $39.61 EPS.
Several other brokerages also recently issued reports on CHTR. Royal Bank of Canada decreased their target price on Charter Communications from $700.00 to $575.00 in a research note on Friday, June 17th. StockNews.com raised Charter Communications from a hold rating to a buy rating in a research report on Monday, August 1st. Truist Financial dropped their price objective on Charter Communications from $600.00 to $450.00 in a report on Monday, May 2nd. Wolfe Research dropped their price objective on Charter Communications from $582.00 to $515.00 and set an underperform rating for the company in a report on Thursday, June 2nd. Finally, Bank of America cut Charter Communications from a buy rating to a neutral rating in a report on Tuesday, May 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $644.72.
Charter Communications Price Performance
Shares of NASDAQ:CHTR opened at $462.98 on Tuesday. Charter Communications has a 1-year low of $407.75 and a 1-year high of $825.62. The company has a debt-to-equity ratio of 6.99, a current ratio of 0.33 and a quick ratio of 0.40. The business has a fifty day moving average price of $467.21 and a 200-day moving average price of $518.80. The company has a market capitalization of $77.71 billion, a PE ratio of 14.87, a PEG ratio of 0.46 and a beta of 0.91.
Institutional Trading of Charter Communications
Hedge funds and other institutional investors have recently made changes to their positions in the company. Blume Capital Management Inc. acquired a new stake in shares of Charter Communications during the fourth quarter worth about $26,000. Masso Torrence Wealth Management Inc. acquired a new position in Charter Communications in the 4th quarter valued at about $26,000. Bivin & Associates Inc. acquired a new position in Charter Communications in the 4th quarter valued at about $26,000. Elequin Capital LP acquired a new position in Charter Communications during the 1st quarter worth approximately $26,000. Finally, MCF Advisors LLC acquired a new position in Charter Communications during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 83.63% of the company’s stock.
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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.
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