Charter Communications (NASDAQ:CHTR) Price Target Cut to $280.00 by Analysts at Citigroup

Charter Communications (NASDAQ:CHTR) had its price objective decreased by Citigroup from $300.00 to $280.00 in a research note released on Monday morning, Benzinga reports. Citigroup currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. Barclays cut their price objective on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a research note on Tuesday, April 2nd. Wells Fargo & Company cut their price target on Charter Communications from $340.00 to $290.00 and set an equal weight rating on the stock in a research report on Friday, April 5th. Benchmark decreased their price objective on Charter Communications from $490.00 to $440.00 and set a buy rating for the company in a report on Monday, February 5th. JPMorgan Chase & Co. lowered their target price on Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a research note on Monday, April 1st. Finally, UBS Group reduced their price target on Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of Hold and a consensus price target of $356.47.

Charter Communications Price Performance

NASDAQ CHTR opened at $259.70 on Monday. The stock’s fifty day moving average price is $279.16 and its 200 day moving average price is $343.46. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.31. The company has a market cap of $37.72 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 0.46 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The firm had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same period last year, the firm earned $6.65 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications will post 31.81 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Parnassus Investments LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $508,684,000. Norges Bank acquired a new position in shares of Charter Communications during the 4th quarter worth about $310,727,000. Capital International Investors lifted its stake in Charter Communications by 6.6% in the 4th quarter. Capital International Investors now owns 6,873,200 shares of the company’s stock valued at $2,671,608,000 after buying an additional 427,922 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in Charter Communications by 21.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,459,148 shares of the company’s stock worth $641,762,000 after buying an additional 253,324 shares during the last quarter. Finally, Putnam Investments LLC increased its stake in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after buying an additional 242,448 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

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.