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 research note published on Friday morning.

Several other equities analysts have also commented on CHTR. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. Benchmark reissued a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Citigroup began coverage on Charter Communications in a research note on Friday, March 14th. They set a "buy" rating and a $425.00 target price for the company. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Finally, KeyCorp upgraded Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $393.18.

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Charter Communications Price Performance

Shares of NASDAQ CHTR traded down $11.21 during midday trading on Friday, reaching $321.68. The company's stock had a trading volume of 2,144,999 shares, compared to its average volume of 1,235,109. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $45.66 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.44 and a beta of 1.13. The business's 50 day moving average price is $358.25 and its two-hundred day moving average price is $357.45. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

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, beating the consensus estimate 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 in the previous year, the firm posted $7.07 earnings per share. On average, analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after purchasing an additional 855,961 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Charter Communications by 29.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 264 shares of the company's stock worth $97,000 after purchasing an additional 60 shares during the period. Wellington Management Group LLP acquired a new position in Charter Communications in the fourth quarter valued at approximately $3,532,000. 111 Capital bought a new position in shares of Charter Communications during the 4th quarter worth approximately $776,000. Finally, Siemens Fonds Invest GmbH grew its position in shares of Charter Communications by 179.9% during the 4th quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company's stock worth $5,369,000 after buying an additional 10,068 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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.