Charter Communications (NASDAQ:CHTR) PT Lowered to $320.00 at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR - Free Report) had its price target decreased by Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a research report report published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research firms also recently weighed in on CHTR. Wells Fargo & Company decreased their price target on shares of Charter Communications from $340.00 to $290.00 and set an equal weight rating for the company in a research report on Friday, April 5th. Barclays decreased their price objective on shares of Charter Communications from $280.00 to $250.00 and set an underweight rating for the company in a report on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Charter Communications from $370.00 to $335.00 and set a neutral rating for the company in a report on Monday, April 1st. Bank of America decreased their price objective on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating for the company in a report on Tuesday, April 9th. Finally, Rosenblatt Securities reduced their price target on shares of Charter Communications from $334.00 to $297.00 and set a neutral rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $380.80.

Charter Communications Price Performance

Shares of CHTR stock traded up $0.67 during mid-day trading on Tuesday, reaching $257.57. The stock had a trading volume of 1,095,741 shares, compared to its average volume of 1,621,798. The company has a market cap of $37.41 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The business has a 50-day simple moving average of $286.40 and a 200 day simple moving average of $357.96. Charter Communications has a 12-month low of $254.31 and a 12-month high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The business had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same period in the previous year, the business posted $7.69 earnings per share. The firm's quarterly revenue was up .3% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications will post 32.58 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently modified their holdings of the business. Sendero Wealth Management LLC lifted its stake in shares of Charter Communications by 15.2% in the 1st quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company's stock valued at $4,800,000 after purchasing an additional 2,177 shares during the period. Aspiriant LLC grew its holdings in shares of Charter Communications by 9.7% in the first quarter. Aspiriant LLC now owns 1,681 shares of the company's stock valued at $489,000 after acquiring an additional 148 shares in the last quarter. Riverview Trust Co bought a new position in Charter Communications during the first quarter valued at $40,000. Caledonia Investments PLC lifted its position in shares of Charter Communications by 9.7% during the first quarter. Caledonia Investments PLC now owns 141,400 shares of the company's stock worth $41,043,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Charter Communications by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company's stock worth $2,344,000 after buying an additional 40 shares in the last quarter. 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.