BNP Paribas Exane Issues Pessimistic Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price lowered by equities research analysts at BNP Paribas Exane from $255.00 to $200.00 in a report released on Tuesday,MarketScreener reports. The firm currently has an “underperform” rating on the stock. BNP Paribas Exane’s price objective indicates a potential downside of 9.99% from the company’s previous close.

Several other analysts have also commented on CHTR. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. The Goldman Sachs Group began coverage on Charter Communications in a research note on Tuesday, September 2nd. They issued a “sell” rating and a $223.00 price target for the company. Benchmark dropped their price objective on Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a report on Monday. Barclays cut their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research report on Monday. Finally, KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a research report on Monday. Four analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $329.56.

Charter Communications Stock Down 5.0%

CHTR stock opened at $222.20 on Tuesday. The company has a debt-to-equity ratio of 4.57, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s fifty day simple moving average is $260.84 and its 200-day simple moving average is $327.68. Charter Communications has a 12 month low of $214.83 and a 12 month high of $437.06. The company has a market capitalization of $30.35 billion, a P/E ratio of 6.08, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Charter Communications in the 2nd quarter valued at about $1,145,387,000. JPMorgan Chase & Co. boosted its stake in Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after buying an additional 806,145 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Charter Communications by 48.8% during the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock worth $304,674,000 after buying an additional 244,324 shares during the last quarter. Lind Value II ApS purchased a new stake in Charter Communications in the 3rd quarter valued at $60,646,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 15.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after acquiring an additional 209,869 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.