Charter Communications (NASDAQ:CHTR) Given New $120.00 Price Target at BNP Paribas Exane

Charter Communications (NASDAQ:CHTR) had its target price reduced by stock analysts at BNP Paribas Exane from $150.00 to $120.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. BNP Paribas Exane’s target price indicates a potential downside of 7.83% from the stock’s previous close.

CHTR has been the subject of several other reports. Freedom Capital upgraded shares of Charter Communications to a “hold” rating in a research report on Friday, June 12th. Zacks Research lowered shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Citigroup lowered their price objective on shares of Charter Communications from $230.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, June 29th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $210.00 price objective on shares of Charter Communications in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group reduced their target price on Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research note on Thursday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $253.81.

Charter Communications Price Performance

NASDAQ CHTR traded down $1.18 during trading on Tuesday, reaching $130.19. The company’s stock had a trading volume of 944,541 shares, compared to its average volume of 2,692,884. The stock has a market capitalization of $16.01 billion, a PE ratio of 3.52, a P/E/G ratio of 0.23 and a beta of 0.71. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a fifty day moving average of $139.97 and a 200 day moving average of $188.89. Charter Communications has a one year low of $124.05 and a one year high of $402.15.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. During the same quarter last year, the business posted $8.42 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Charter Communications will post 42.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, CEO Christopher L. Winfrey purchased 3,468 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The shares were acquired at an average cost of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. The trade was a 4.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Balan Nair acquired 1,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was acquired at an average price of $175.46 per share, with a total value of $175,460.00. Following the completion of the acquisition, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. The trade was a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 20,125 shares of company stock valued at $3,167,116 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Charter Communications

Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after buying an additional 55 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Charter Communications in the first quarter worth about $25,000. Quarry LP lifted its stake in shares of Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Charter Communications during the 4th quarter valued at about $25,000. Finally, DV Equities LLC purchased a new stake in Charter Communications during the 4th quarter valued at about $25,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.