Charter Communications (NASDAQ:CHTR) PT Lowered to $555.00

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.

Charter Communications (NASDAQ:CHTR – Get Rating) last announced its earnings results on Friday, July 29th. The company reported $8.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.82 by $1.98. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.42 billion. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $5.29 earnings per share. As a group, equities analysts expect that Charter Communications will post 31.12 EPS for the current fiscal year.

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

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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.