Charter Communications (NASDAQ:CHTR) Given New $355.00 Price Target at UBS Group

Key Points

• Charter Communications' target price has been lowered from $425.00 to $355.00 by UBS Group, with a current "neutral" rating indicating a potential upside of 19.02% based on its current price.
• The stock closed down 3.7% to $298.27, with trading volume significantly higher than its average.
• Analysts have mixed ratings on the stock, with three sell ratings, nine hold ratings, and ten buy ratings, resulting in a consensus "hold" and a target price of $412.32.

Charter Communications (NASDAQ:CHTR - Get Free Report) had its target price lowered by equities research analysts at UBS Group from $425.00 to $355.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price objective indicates a potential upside of 19.02% from the company's current price.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company raised their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Morgan Stanley raised their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Sanford C. Bernstein raised shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $380.00 price objective on the stock in a research note on Monday. Finally, Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $412.32.

Charter Communications Stock Down 3.7%

NASDAQ CHTR traded down $11.48 on Monday, hitting $298.27. 4,017,896 shares of the company were exchanged, compared to its average volume of 1,380,955. The company has a market cap of $41.87 billion, a PE ratio of 8.17, a PEG ratio of 0.34 and a beta of 1.08. Charter Communications has a 12 month low of $296.37 and a 12 month high of $437.06. The stock has a fifty day moving average of $396.12 and a 200-day moving average of $373.57. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 4.57.

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

Institutional Trading of Charter Communications

Large investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. increased its holdings in Charter Communications by 2,033.3% during the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock worth $26,000 after buying an additional 61 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Charter Communications during the second quarter worth about $28,000. SouthState Corp purchased a new stake in Charter Communications during the first quarter worth about $25,000. Family CFO Inc purchased a new stake in Charter Communications during the second quarter worth about $33,000. Finally, ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors 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.

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