Charter Communications (NASDAQ:CHTR) Downgraded to Market Perform Rating by Sanford C. Bernstein

Sanford C. Bernstein downgraded shares of Charter Communications (NASDAQ:CHTR - Free Report) from an outperform rating to a market perform rating in a research report sent to investors on Monday, Marketbeat Ratings reports. Sanford C. Bernstein currently has $410.00 price target on the stock.

CHTR has been the topic of a number of other research reports. Morgan Stanley upped their price target 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. Royal Bank of Canada lifted their price target on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research report on Monday, April 28th. Oppenheimer raised Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price objective on the stock in a report on Friday, May 16th. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Finally, Wells Fargo & Company increased their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has a consensus rating of "Hold" and a consensus target price of $409.42.

Charter Communications Stock Up 0.8%

Shares of CHTR traded up $2.99 during midday trading on Monday, hitting $391.76. 481,501 shares of the company's stock traded hands, compared to its average volume of 1,274,462. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $54.99 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications has a 1 year low of $272.49 and a 1 year high of $437.06. The firm's fifty day moving average is $376.51 and its 200-day moving average is $367.92.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same period in the prior year, the business posted $7.55 EPS. Charter Communications's revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at $1,032,236,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after purchasing an additional 855,961 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Charter Communications by 53.6% in 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. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after purchasing an additional 609,554 shares during the last quarter. 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.