StockNews.com Downgrades Charter Communications (NASDAQ:CHTR) to Hold

StockNews.com lowered shares of Charter Communications (NASDAQ:CHTR - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

Other equities analysts have also issued reports about the company. Royal Bank of Canada raised their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd. BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Barclays raised their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Benchmark reiterated a "buy" rating and set a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Finally, Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $387.88.

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Charter Communications Price Performance

NASDAQ:CHTR traded up $2.78 during midday trading on Friday, hitting $343.18. The company had a trading volume of 1,041,655 shares, compared to its average volume of 1,244,846. The stock's fifty day moving average price is $358.15 and its 200-day moving average price is $358.09. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $48.71 billion, a PE ratio of 9.82, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 earnings per share. As a group, research analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of CHTR. ST Germain D J Co. Inc. increased its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications in the fourth quarter worth approximately $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications during the 4th quarter valued at $36,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after buying an additional 29 shares during the last quarter. 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.