Charter Communications (NASDAQ:CHTR) Sets New 52-Week Low at $406.79

Charter Communications, Inc. (NASDAQ:CHTRGet Rating) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $406.79 and last traded at $416.55, with a volume of 5744 shares traded. The stock had previously closed at $412.63.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CHTR shares. Wolfe Research cut their target price on shares of Charter Communications from $582.00 to $515.00 and set an “underperform” rating for the company in a research note on Thursday, June 2nd. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Sunday, August 28th. TD Securities raised their target price on shares of Charter Communications from $670.00 to $680.00 and gave the company a “buy” rating in a research note on Tuesday, August 2nd. Royal Bank of Canada cut their target price on shares of Charter Communications from $700.00 to $575.00 in a research note on Friday, June 17th. Finally, Argus cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and an average price target of $623.42.

Charter Communications Stock Down 3.1 %

The company’s fifty day moving average price is $459.53 and its 200-day moving average price is $500.61. The stock has a market cap of $65.41 billion, a P/E ratio of 13.08, a price-to-earnings-growth ratio of 0.42 and a beta of 0.91. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.33 and a current ratio of 0.33.

Charter Communications (NASDAQ:CHTRGet Rating) last announced its quarterly earnings data on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $1.98. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.42 billion. During the same quarter last year, the business posted $5.29 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts forecast that Charter Communications, Inc. will post 31.39 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in Charter Communications by 4.4% during the 1st quarter. Private Trust Co. NA now owns 448 shares of the company’s stock valued at $244,000 after buying an additional 19 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Charter Communications by 0.6% during the 4th quarter. Wetherby Asset Management Inc. now owns 3,740 shares of the company’s stock valued at $2,438,000 after purchasing an additional 21 shares during the period. Stratos Wealth Partners LTD. increased its position in Charter Communications by 3.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 593 shares of the company’s stock valued at $278,000 after purchasing an additional 21 shares during the period. Catalyst Capital Advisors LLC increased its position in Charter Communications by 21.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 124 shares of the company’s stock valued at $68,000 after purchasing an additional 22 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in Charter Communications by 27.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 112 shares of the company’s stock valued at $61,000 after purchasing an additional 24 shares during the period. Institutional investors own 66.91% of the company’s stock.

Charter Communications Company Profile

(Get Rating)

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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

Further Reading

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