Charter Communications (NASDAQ:CHTR) Downgraded to Hold Rating by StockNews.com

Charter Communications (NASDAQ:CHTR) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Wednesday.

A number of other equities analysts have also recently commented on the stock. Royal Bank of Canada lifted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Barclays raised their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $389.39.

Charter Communications Price Performance

CHTR opened at $375.01 on Wednesday. The stock has a market capitalization of $53.32 billion, a P/E ratio of 10.73, a PEG ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27. The stock has a 50-day moving average price of $357.91 and a 200-day moving average price of $355.75.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $7.07 earnings per share. Equities analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Institutional investors and hedge funds have recently modified their holdings of the stock. Avior Wealth Management LLC raised its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Charter Communications during the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications in the 4th quarter worth approximately $36,000. Brown Brothers Harriman & Co. lifted 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 valued at $36,000 after purchasing an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Charter Communications during the fourth quarter valued at approximately $45,000. 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.