The Goldman Sachs Group Issues Pessimistic Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its price target decreased by analysts at The Goldman Sachs Group from $215.00 to $210.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 1.69% from the stock’s current price.

A number of other equities analysts also recently weighed in on CHTR. Sanford C. Bernstein restated a “market perform” rating and set a $280.00 target price (down from $350.00) on shares of Charter Communications in a report on Monday, November 3rd. Bank of America lowered their price objective on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, November 3rd. KeyCorp reiterated a “sector weight” rating on shares of Charter Communications in a report on Monday, November 3rd. Finally, Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $328.75.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $206.50 on Thursday. The stock has a 50 day moving average price of $220.26 and a 200 day moving average price of $286.08. Charter Communications has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37. The stock has a market capitalization of $26.72 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $8.82 EPS. Analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHTR. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications during the second quarter worth about $25,000. Salem Investment Counselors Inc. raised its position in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Charter Communications during the 2nd quarter worth approximately $28,000. Webster Bank N. A. acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Finally, Heritage Wealth Advisors bought a new position in Charter Communications in the second quarter valued at approximately $29,000. 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.