Charter Communications, Inc. (NASDAQ:CHTR) Stock Rated "Reduce" by Wall Street Analysts

Key Points

• Charter Communications received a consensus “Reduce” rating from 22 analysts: seven sell, ten hold and five buy recommendations. The average 12-month price target is $202.53.
• Analyst sentiment has weakened, with Barclays cutting its target to $115 and Wolfe Research downgrading the stock to “underperform,” although Bank of America and TD Cowen maintained buy ratings.
• Institutional investors own 81.76% of the company, while Charter shares opened at $111.49—near their one-year low of $101.11 and well below the 200-day moving average of $165.21.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has received a consensus rating of "Reduce" from the twenty-two analysts that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $202.53.

A number of research analysts have weighed in on the company. Barclays decreased their price target on Charter Communications from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Monday, July 27th. Wolfe Research cut shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $118.00 price objective for the company. in a research report on Monday, September 14th. Bank of America restated a "buy" rating on shares of Charter Communications in a research report on Monday, July 27th. Zacks Research raised shares of Charter Communications from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 4th. Finally, TD Cowen decreased their target price on shares of Charter Communications from $413.00 to $380.00 and set a "buy" rating on the stock in a research report on Monday, July 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in shares of Charter Communications by 28.4% during the first quarter. Bank of America Corp DE now owns 731,708 shares of the company's stock worth $157,961,000 after purchasing an additional 161,888 shares during the last quarter. State of Michigan Retirement System boosted its holdings in Charter Communications by 1,547.4% in the first quarter. State of Michigan Retirement System now owns 431,582 shares of the company's stock worth $93,170,000 after acquiring an additional 405,385 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Charter Communications by 443.8% in the third quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company's stock worth $46,565,000 after acquiring an additional 342,668 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Charter Communications by 562.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 328,457 shares of the company's stock worth $36,426,000 after purchasing an additional 278,898 shares during the period. Finally, Sei Investments Co. grew its position in Charter Communications by 79.2% in the 1st quarter. Sei Investments Co. now owns 250,497 shares of the company's stock worth $54,078,000 after purchasing an additional 110,684 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Stock Performance

CHTR opened at $111.49 on Friday. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 2.90, a P/E/G ratio of 0.23 and a beta of 0.70. The business's 50-day moving average price is $124.22 and its two-hundred day moving average price is $165.21. Charter Communications has a 1 year low of $101.11 and a 1 year high of $254.11. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and broadband services company that operates under the Spectrum brand. The company provides internet access, video entertainment, mobile communications and voice services to residential customers, as well as connectivity, data networking, cloud, security and other communications solutions to businesses and government organizations.

Charter operates one of the largest broadband networks in the United States, serving customers across dozens of states.

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