Wells Fargo & Company Lowers Charter Communications (NASDAQ:CHTR) Price Target to $380.00

Charter Communications (NASDAQ:CHTR - Get Free Report) had its target price reduced by equities research analysts at Wells Fargo & Company from $400.00 to $380.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 12.11% from the stock's current price.

Other analysts have also issued reports about the company. BNP Paribas reiterated an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note 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. StockNews.com lowered shares of Charter Communications from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Finally, Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $387.88.

Charter Communications Price Performance

Shares of CHTR traded up $6.46 during trading hours on Monday, hitting $338.96. The stock had a trading volume of 934,325 shares, compared to its average volume of 1,244,142. The stock has a market capitalization of $48.11 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company's fifty day moving average is $357.55 and its two-hundred day moving average is $357.91. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Avior Wealth Management LLC grew its position in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Charter Communications by 1,283.3% during the first 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 during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the fourth quarter valued at approximately $32,000. Generali Asset Management SPA SGR bought a new position in Charter Communications in the 4th quarter valued at approximately $36,000. Finally, Brown Brothers Harriman & Co. boosted its position in Charter Communications by 37.7% during 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 period. 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.