Charter Communications (NASDAQ:CHTR) Price Target Cut to $325.00 by Analysts at UBS Group

Charter Communications (NASDAQ:CHTR) had its price target decreased by UBS Group from $360.00 to $325.00 in a research report report published on Thursday, Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other brokerages have also commented on CHTR. Rosenblatt Securities lowered Charter Communications from a buy rating to a neutral rating and lowered their price target for the company from $472.00 to $335.00 in a report on Tuesday, February 20th. Sanford C. Bernstein raised Charter Communications from a market perform rating to an outperform rating and set a $370.00 price target on the stock in a research note on Monday, March 18th. JPMorgan Chase & Co. cut Charter Communications from an overweight rating to a neutral rating and dropped their price target for the stock from $445.00 to $370.00 in a research note on Monday, February 5th. Wells Fargo & Company cut Charter Communications from an overweight rating to an equal weight rating and dropped their price target for the stock from $460.00 to $340.00 in a research note on Monday, February 5th. Finally, Pivotal Research dropped their price target on Charter Communications from $500.00 to $450.00 and set a buy rating on the stock in a research note on Monday, February 5th. One equities research analyst has 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, the stock has a consensus rating of Hold and a consensus price target of $408.75.

Charter Communications Price Performance

Shares of CHTR opened at $290.63 on Thursday. The firm has a market capitalization of $42.21 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a one year low of $270.41 and a one year high of $458.30. The stock’s fifty day moving average is $310.19 and its 200-day moving average is $374.00.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The business had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. Charter Communications’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business posted $7.69 earnings per share. Equities analysts anticipate that Charter Communications will post 33.33 EPS for the current year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently modified their holdings of CHTR. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications in the fourth quarter worth $25,000. Janiczek Wealth Management LLC lifted its stake in Charter Communications by 168.0% in the third quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Charter Communications in the third quarter valued at about $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications in the fourth quarter valued at about $44,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Charter Communications by 769.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock worth $44,000 after purchasing an additional 100 shares during the period. 81.76% of the stock is currently owned by institutional investors.

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.