Charter Communications (NASDAQ:CHTR) Downgraded by ValuEngine to Hold

ValuEngine downgraded shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a report released on Thursday, ValuEngine reports.

CHTR has been the subject of a number of other reports. Credit Suisse Group lifted their target price on Charter Communications from $370.00 to $400.00 and gave the stock a neutral rating in a report on Monday, July 29th. Cowen lifted their target price on Charter Communications from $413.00 to $433.00 and gave the stock an in-line rating in a report on Monday, July 29th. Rosenblatt Securities reiterated a buy rating and issued a $480.00 target price on shares of Charter Communications in a report on Monday, July 29th. BidaskClub downgraded Charter Communications from a hold rating to a sell rating in a report on Wednesday. Finally, Bank of America reiterated a buy rating and issued a $450.00 target price (up from $425.00) on shares of Charter Communications in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $415.71.

Shares of CHTR traded up $0.28 during mid-day trading on Thursday, reaching $384.66. 1,356,353 shares of the company were exchanged, compared to its average volume of 893,415. Charter Communications has a 52 week low of $272.91 and a 52 week high of $417.13. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.31. The company has a market capitalization of $86.10 billion, a PE ratio of 73.69, a PEG ratio of 1.33 and a beta of 1.23. The stock has a 50 day simple moving average of $400.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The company had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.40 billion. During the same quarter last year, the business earned $1.15 earnings per share. Charter Communications’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts predict that Charter Communications will post 6.91 EPS for the current fiscal year.

In other Charter Communications news, Director Craig A. Jacobson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the completion of the sale, the director now owns 11,773 shares of the company’s stock, valued at $4,588,879.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lance Conn sold 927 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the sale, the director now directly owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The disclosure for this sale can be found here. Insiders sold 3,252 shares of company stock valued at $1,257,694 in the last three months. Insiders own 0.84% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Charter Communications by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock worth $630,980,000 after acquiring an additional 167,729 shares during the last quarter. MML Investors Services LLC boosted its position in Charter Communications by 21.3% during the 4th quarter. MML Investors Services LLC now owns 1,429 shares of the company’s stock worth $407,000 after acquiring an additional 251 shares during the last quarter. Nordea Investment Management AB boosted its position in Charter Communications by 6.7% during the 4th quarter. Nordea Investment Management AB now owns 10,066 shares of the company’s stock worth $2,868,000 after acquiring an additional 628 shares during the last quarter. CX Institutional boosted its position in Charter Communications by 37.0% during the 1st quarter. CX Institutional now owns 211 shares of the company’s stock worth $73,000 after acquiring an additional 57 shares during the last quarter. Finally, XR Securities LLC acquired a new position in Charter Communications during the 1st quarter worth approximately $208,000. 71.92% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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