Charter Communications (NASDAQ:CHTR) Price Target Raised to $300.00 at Barclays

Charter Communications (NASDAQ:CHTR) had its target price increased by analysts at Barclays from $250.00 to $300.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 20.33% from the stock’s current price.

Several other brokerages have also issued reports on CHTR. Loop Capital reduced their target price on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group began coverage on shares of Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock. Rosenblatt Securities upped their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $354.93.

Charter Communications Price Performance

Shares of NASDAQ CHTR traded up $8.93 during trading on Monday, reaching $376.55. The company had a trading volume of 846,544 shares, compared to its average volume of 1,469,023. Charter Communications has a 52 week low of $236.08 and a 52 week high of $458.30. The business’s 50 day moving average price is $292.90 and its 200-day moving average price is $295.14. The stock has a market cap of $54.23 billion, a PE ratio of 12.18, a PEG ratio of 1.64 and a beta of 1.04. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. Charter Communications’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.05 EPS. Analysts expect that Charter Communications will post 30.5 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently bought and sold shares of the company. Banco Santander S.A. acquired a new stake in Charter Communications in the 2nd quarter valued at about $336,000. Whittier Trust Co. raised its holdings in Charter Communications by 5.4% in the 2nd quarter. Whittier Trust Co. now owns 2,351 shares of the company’s stock valued at $703,000 after acquiring an additional 120 shares during the period. HB Wealth Management LLC raised its holdings in Charter Communications by 55.8% in the 2nd quarter. HB Wealth Management LLC now owns 1,387 shares of the company’s stock valued at $415,000 after acquiring an additional 497 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Charter Communications by 10.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,445 shares of the company’s stock valued at $1,628,000 after acquiring an additional 501 shares during the period. Finally, AustralianSuper Pty Ltd bought a new position in Charter Communications in the 2nd quarter valued at about $7,171,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

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.