Charter Communications (NASDAQ:CHTR) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a research note released on Wednesday.

A number of other research analysts also recently commented on the stock. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Barclays lifted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Price Performance

Shares of CHTR opened at $384.77 on Wednesday. The firm has a market capitalization of $54.71 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.44 and a beta of 1.13. The firm’s fifty day simple moving average is $358.64 and its 200-day simple moving average is $355.96. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the firm earned $7.07 EPS. Equities analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in Charter Communications in the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. FMR LLC increased its stake in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Charter Communications by 8,343.1% during the 4th quarter. LSV Asset Management now owns 177,305 shares of the company’s stock worth $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.