Charter Communications (NASDAQ:CHTR) Price Target Lowered to $380.00 at Royal Bank of Canada

Charter Communications (NASDAQ:CHTR - Free Report) had its price target trimmed by Royal Bank of Canada from $390.00 to $380.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

CHTR has been the topic of a number of other research reports. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective on the stock. in a research report on Monday, September 30th. Barclays increased their price target on Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a report on Monday, November 4th. Benchmark boosted their price objective on Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a report on Tuesday, November 5th. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, Charter Communications currently has an average rating of "Hold" and a consensus price target of $383.89.

Charter Communications Trading Up 0.5 %

CHTR stock traded up $1.71 during midday trading on Wednesday, hitting $348.00. The stock had a trading volume of 1,311,305 shares, compared to its average volume of 1,082,367. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The business has a fifty day moving average price of $373.30 and a two-hundred day moving average price of $348.74. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a market cap of $49.48 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.25 EPS. On average, sell-side analysts predict that Charter Communications will post 32.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently made changes to their positions in CHTR. Dimensional Fund Advisors LP increased its holdings in Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock worth $212,998,000 after buying an additional 69,959 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Charter Communications during the 2nd quarter worth approximately $1,132,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Charter Communications by 8.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company's stock worth $1,110,000 after purchasing an additional 282 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in Charter Communications by 6.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,515 shares of the company's stock valued at $453,000 after purchasing an additional 94 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Charter Communications by 12.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,504 shares of the company's stock valued at $2,841,000 after purchasing an additional 1,026 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.