Barclays Has Lowered Expectations for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its price objective cut by equities researchers at Barclays from $275.00 to $200.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 10.18% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Bank of America cut their target price on Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research report on Wednesday, September 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Charter Communications in a report on Wednesday, October 8th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday. UBS Group reduced their target price on Charter Communications from $425.00 to $355.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Citigroup assumed coverage on Charter Communications in a report on Monday, October 6th. They set a “buy” rating and a $325.00 price objective for the company. Six analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $356.65.

Charter Communications Trading Down 4.8%

Shares of Charter Communications stock opened at $222.67 on Monday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications has a 52 week low of $215.93 and a 52 week high of $437.06. The stock has a 50 day moving average price of $261.86 and a two-hundred day moving average price of $328.50. The stock has a market capitalization of $30.42 billion, a PE ratio of 6.10, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The firm had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same period last year, the business posted $8.82 EPS. The company’s revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently modified their holdings of CHTR. Vontobel Holding Ltd. boosted its position in shares of Charter Communications by 25.2% during the first quarter. Vontobel Holding Ltd. now owns 1,649 shares of the company’s stock valued at $608,000 after buying an additional 332 shares during the last quarter. Private Trust Co. NA boosted its position in Charter Communications by 69.5% in the first quarter. Private Trust Co. NA now owns 161 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Charter Communications by 120.4% in the first quarter. Teacher Retirement System of Texas now owns 17,801 shares of the company’s stock worth $6,560,000 after purchasing an additional 9,724 shares during the last quarter. Principal Financial Group Inc. boosted its position in Charter Communications by 2.6% in the first quarter. Principal Financial Group Inc. now owns 112,847 shares of the company’s stock worth $41,588,000 after purchasing an additional 2,825 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in Charter Communications in the first quarter worth about $293,000. 81.76% of the stock is owned by hedge funds and other 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.