Charter Communications (NASDAQ:CHTR) Price Target Lowered to $275.00 at Barclays

Key Points

• Barclays has cut its price target for Charter Communications from $341.00 to $275.00, indicating a potential downside of 11.22%, and maintains an "underweight" rating on the stock.
• In contrast, other analysts like Oppenheimer and Loop Capital have upgraded Charter Communication's ratings, with price targets ranging from $500.00 to $510.00.
• Despite recent performance improvements, Charter Communications missed earnings expectations for the last quarter, reporting $9.18 per share against the consensus estimate of $10.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price target cut by research analysts at Barclays from $341.00 to $275.00 in a report issued on Monday,Benzinga reports. The firm presently has an "underweight" rating on the stock. Barclays's price objective points to a potential downside of 1.75% from the company's previous close.

A number of other equities analysts have also commented on the company. Wolfe Research raised Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Bank of America lifted their price objective on Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Royal Bank Of Canada increased their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a report on Monday, April 28th. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Finally, Sanford C. Bernstein upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price target on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has an average rating of "Hold" and an average target price of $410.59.

Charter Communications Stock Performance

Shares of CHTR stock traded down $0.79 on Monday, hitting $279.89. The company's stock had a trading volume of 3,907,347 shares, compared to its average volume of 1,419,524. Charter Communications has a fifty-two week low of $274.00 and a fifty-two week high of $437.06. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.36 and a current ratio of 0.33. The stock's 50 day moving average is $390.85 and its 200-day moving average is $372.67. The company has a market capitalization of $39.29 billion, a PE ratio of 7.66, a PEG ratio of 0.32 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a net margin of 9.53% and a return on equity of 26.77%. The company had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the firm posted $8.49 earnings per share. The company's quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Large investors have recently bought and sold shares of the company. Denali Advisors LLC grew its stake in shares of Charter Communications by 91.4% during the 2nd quarter. Denali Advisors LLC now owns 2,306 shares of the company's stock worth $943,000 after acquiring an additional 1,101 shares during the period. Brookstone Capital Management boosted its position in Charter Communications by 6.5% during the second quarter. Brookstone Capital Management now owns 686 shares of the company's stock worth $280,000 after purchasing an additional 42 shares during the period. Tiptree Advisors LLC purchased a new position in shares of Charter Communications in the second quarter worth about $3,802,000. Stephens Inc. AR raised its position in shares of Charter Communications by 67.0% in the second quarter. Stephens Inc. AR now owns 1,054 shares of the company's stock valued at $431,000 after purchasing an additional 423 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Charter Communications by 5.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 764 shares of the company's stock valued at $304,000 after buying an additional 42 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.