Charter Communications (NASDAQ:CHTR) Downgraded by Wolfe Research

Charter Communications (NASDAQ:CHTR - Get Free Report) was downgraded by investment analysts at Wolfe Research from a "peer perform" rating to an "underperform" rating in a research report issued on Monday, MarketBeat Ratings reports. They presently have a $300.00 target price on the stock. Wolfe Research's price target points to a potential downside of 7.43% from the company's current price.

Several other brokerages have also recently weighed in on CHTR. Morgan Stanley increased their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an "equal weight" rating in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a "market perform" rating to an "underperform" rating in a report on Monday, July 29th. Barclays raised their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a report on Monday, July 29th. Finally, Rosenblatt Securities raised their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $356.41.

Charter Communications Stock Down 0.7 %

CHTR stock traded down $2.14 during trading on Monday, hitting $324.08. 1,192,209 shares of the stock traded hands, compared to its average volume of 1,408,578. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The firm's 50 day moving average is $344.58 and its two-hundred day moving average is $303.59. The stock has a market cap of $46.68 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $8.05 EPS. On average, sell-side analysts anticipate that Charter Communications will post 32.52 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. increased its position in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company's stock worth $2,658,000 after purchasing an additional 3,080 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Charter Communications in the second quarter worth $7,171,000. Oakcliff Capital Partners LP increased its position in Charter Communications by 8.2% in the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company's stock worth $14,954,000 after purchasing an additional 2,900 shares during the last quarter. FORA Capital LLC increased its position in Charter Communications by 45.8% in the first quarter. FORA Capital LLC now owns 20,743 shares of the company's stock worth $6,029,000 after purchasing an additional 6,519 shares during the last quarter. Finally, Sei Investments Co. increased its position in Charter Communications by 9.8% in the fourth quarter. Sei Investments Co. now owns 101,372 shares of the company's stock worth $39,402,000 after purchasing an additional 9,055 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

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.