Charter Communications (NASDAQ:CHTR) Rating Lowered to Peer Perform at Wolfe Research

Charter Communications (NASDAQ:CHTR) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

A number of other analysts have also weighed in on CHTR. Wells Fargo & Company upped their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday. TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday. Pivotal Research boosted their target price on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a report on Monday. Finally, Barclays boosted their target price on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus target price of $373.69.

Charter Communications Trading Down 0.7 %

Charter Communications stock opened at $376.97 on Wednesday. The firm has a 50-day moving average price of $301.45 and a two-hundred day moving average price of $296.49. The firm has a market capitalization of $54.29 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 0.72 and a beta of 1.04. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $8.05 EPS. Sell-side analysts expect that Charter Communications will post 32.06 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently made changes to their positions in the company. Versor Investments LP acquired a new stake in shares of Charter Communications during the second quarter valued at approximately $300,000. CIBC Asset Management Inc raised its holdings in shares of Charter Communications by 2.1% during the second quarter. CIBC Asset Management Inc now owns 37,332 shares of the company’s stock valued at $11,161,000 after acquiring an additional 782 shares during the period. Natixis Advisors LLC raised its holdings in shares of Charter Communications by 4.5% during the second quarter. Natixis Advisors LLC now owns 31,227 shares of the company’s stock valued at $9,336,000 after acquiring an additional 1,353 shares during the period. Aptus Capital Advisors LLC acquired a new position in Charter Communications in the 2nd quarter valued at approximately $209,000. Finally, nVerses Capital LLC increased its stake in Charter Communications by 350.0% in the 2nd quarter. nVerses Capital LLC now owns 1,800 shares of the company’s stock valued at $538,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.