Charter Communications (NASDAQ:CHTR) Cut to Underperform at Wolfe Research

Charter Communications (NASDAQ:CHTR) was downgraded by equities research analysts at Wolfe Research from a “peer perform” rating to an “underperform” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $300.00 price objective on the stock. Wolfe Research’s price objective suggests a potential downside of 8.80% from the company’s current price.

A number of other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Barclays boosted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $356.41.

Charter Communications Price Performance

CHTR opened at $328.95 on Monday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market capitalization of $47.38 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.61 and a beta of 1.05. The company’s 50-day simple moving average is $344.98 and its two-hundred day simple moving average is $304.05. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same quarter last year, the business earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Charter Communications will post 32.52 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC boosted its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charter Communications during the first quarter worth about $34,000. Riverview Trust Co acquired a new stake in Charter Communications during the first quarter worth about $40,000. Massmutual Trust Co. FSB ADV increased its stake in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after acquiring an additional 83 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new stake in Charter Communications during the second quarter worth about $50,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.