Charter Communications (NASDAQ:CHTR) Price Target Lowered to $260.00 at Wells Fargo & Company

Charter Communications (NASDAQ:CHTR - Free Report) had its price objective reduced by Wells Fargo & Company from $290.00 to $260.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also commented on the stock. Benchmark decreased their price objective on shares of Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a research report on Monday, February 5th. Citigroup decreased their price objective on shares of Charter Communications from $300.00 to $280.00 and set a neutral rating on the stock in a research report on Monday. Loop Capital decreased their price objective on shares of Charter Communications from $335.00 to $285.00 and set a hold rating on the stock in a research report on Monday. Rosenblatt Securities reduced their target price on shares of Charter Communications from $297.00 to $292.00 and set a neutral rating on the stock in a report on Monday. Finally, Sanford C. Bernstein upgraded shares of Charter Communications from a market perform rating to an outperform rating and set a $370.00 target price on the stock in a report on Monday, March 18th. One equities 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. According to data from MarketBeat.com, Charter Communications has a consensus rating of Hold and a consensus price target of $356.47.

Charter Communications Stock Performance

CHTR traded up $5.15 during trading on Monday, hitting $259.76. The stock had a trading volume of 1,206,732 shares, compared to its average volume of 1,593,409. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.31 and a current ratio of 0.40. The firm has a market capitalization of $37.72 billion, a P/E ratio of 8.45, a PEG ratio of 0.45 and a beta of 0.96. The company's 50-day moving average price is $281.16 and its 200 day moving average price is $346.74. Charter Communications has a twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same period in the prior year, the firm posted $6.65 earnings per share. The business's quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications will post 31.89 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several large investors have recently bought and sold shares of the company. Valeo Financial Advisors LLC boosted its stake in shares of Charter Communications by 7.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 1,097 shares of the company's stock valued at $482,000 after buying an additional 78 shares during the last quarter. PDS Planning Inc lifted its stake in Charter Communications by 3.4% during the third quarter. PDS Planning Inc now owns 870 shares of the company's stock worth $383,000 after purchasing an additional 29 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Charter Communications by 87.9% during the third quarter. Commonwealth Equity Services LLC now owns 10,777 shares of the company's stock worth $4,740,000 after purchasing an additional 5,043 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Charter Communications by 8.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 14,129 shares of the company's stock worth $6,214,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Live Oak Private Wealth LLC lifted its stake in Charter Communications by 0.3% during the third quarter. Live Oak Private Wealth LLC now owns 17,569 shares of the company's stock worth $7,727,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.

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.