Weekly Research Analysts’ Ratings Updates for Charter Communications (CHTR)

Charter Communications (NASDAQ: CHTR) recently received a number of ratings updates from brokerages and research firms:

• 4/16/2024 – Charter Communications had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $375.00 to $320.00. They now have a “hold” rating on the stock.
• 4/15/2024 – Charter Communications had its price target lowered by analysts at Rosenblatt Securities from $334.00 to $297.00. They now have a “neutral” rating on the stock.
• 4/9/2024 – Charter Communications had its price target lowered by analysts at Bank of America Co. from $350.00 to $315.00. They now have a “neutral” rating on the stock.
• 4/5/2024 – Charter Communications had its price target lowered by analysts at Wells Fargo & Company from $340.00 to $290.00. They now have an “equal weight” rating on the stock.
• 4/2/2024 – Charter Communications had its price target lowered by analysts at Barclays PLC from $280.00 to $250.00. They now have an “underweight” rating on the stock.
• 4/1/2024 – Charter Communications had its price target lowered by analysts at JPMorgan Chase & Co. from $370.00 to $335.00. They now have a “neutral” rating on the stock.
• 3/28/2024 – Charter Communications had its price target lowered by analysts at UBS Group AG from $360.00 to $325.00. They now have a “neutral” rating on the stock.
• 3/18/2024 – Charter Communications was upgraded by analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating. They now have a $370.00 price target on the stock.
• 2/20/2024 – Charter Communications was downgraded by analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating. They now have a $335.00 price target on the stock, down previously from $472.00.

Charter Communications Trading Up 0.7 %

Shares of NASDAQ CHTR traded up $1.88 during trading on Thursday, reaching $259.91. The stock had a trading volume of 855,887 shares, compared to its average volume of 1,603,258. Charter Communications, Inc. has a fifty-two week low of $254.31 and a fifty-two week high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The business’s 50-day moving average price is $285.23 and its 200-day moving average price is $355.98. The company has a market cap of $37.75 billion, a P/E ratio of 8.66, a PEG ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same period in the previous year, the firm earned $7.69 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications during the 4th quarter worth $25,000. Janiczek Wealth Management LLC grew its stake in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after purchasing an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $31,000. Riverview Trust Co acquired a new position in shares of Charter Communications during the 1st quarter worth about $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Charter Communications during the 4th quarter worth about $44,000. 81.76% of the stock is owned by institutional investors and hedge funds.

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.