Charter Communications (NASDAQ:CHTR) Price Target Lowered to $325.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has lowered its price target for Charter Communications from $370.00 to $325.00, indicating a potential upside of 16.13% from the stock's previous closing price.
• Charter Communications reported earnings of $9.18 per share for the last quarter, missing the consensus estimate of $10.06, although revenue slightly exceeded expectations at $13.77 billion.
• Out of 21 analysts, eight have rated Charter Communications as a Buy, while the company currently holds a consensus rating of "Hold" with an average target price of $376.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) had its target price dropped by investment analysts at Royal Bank Of Canada from $370.00 to $325.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 16.13% from the stock's previous close.

CHTR has been the subject of a number of other research reports. Barclays lowered their price target on Charter Communications from $341.00 to $275.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. UBS Group reduced their price objective on Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They set a "sell" rating and a $223.00 target price on the stock. Finally, Sanford C. Bernstein dropped their price objective on shares of Charter Communications from $380.00 to $350.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 10th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $376.06.

Charter Communications Stock Down 0.1%

CHTR stock opened at $279.85 on Monday. The company has a 50 day moving average price of $267.30 and a two-hundred day moving average price of $342.50. The company has a debt-to-equity ratio of 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $38.22 billion, a P/E ratio of 7.70, a PEG ratio of 0.62 and a beta of 1.05. Charter Communications has a one year low of $251.80 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 25th. The company reported $9.18 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 business had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the company posted $8.49 earnings per share. The business's revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications will post 38.16 EPS for the current year.

Insider Activity at Charter Communications

In other Charter Communications news, CEO Christopher L. Winfrey acquired 3,670 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the transaction, the chief executive officer owned 70,243 shares of the company's stock, valued at $19,183,363.30. The trade was a 5.51% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Balan Nair bought 360 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was acquired at an average cost of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director owned 9,622 shares in the company, valued at $2,638,448.62. The trade was a 3.89% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company's stock.

Institutional Trading of Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Vanguard Group Inc. raised its stake in Charter Communications by 0.5% during the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company's stock valued at $3,365,203,000 after purchasing an additional 39,944 shares in the last quarter. State Street Corp raised its holdings in shares of Charter Communications by 3.2% in the 2nd quarter. State Street Corp now owns 6,486,312 shares of the company's stock valued at $2,651,669,000 after purchasing an additional 198,979 shares in the last quarter. Norges Bank purchased a new stake in shares of Charter Communications in the 2nd quarter worth approximately $1,145,387,000. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 1.6% during the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company's stock valued at $1,056,800,000 after purchasing an additional 41,206 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock valued at $851,331,000 after purchasing an additional 806,145 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.

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