Charter Communications, Inc. (NASDAQ:CHTR – Get Free Report)’s stock price hit a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $375.00 to $320.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Charter Communications traded as low as $254.31 and last traded at $257.87, with a volume of 178913 shares. The stock had previously closed at $256.90.
A number of other analysts have also commented on the stock. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research note on Monday, March 18th. UBS Group decreased their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. Pivotal Research lowered their price objective on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Bank of America reduced their target price on Charter Communications from $350.00 to $315.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. Finally, Barclays lowered their price target on Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $380.80.
Institutional Investors Weigh In On Charter Communications
Large investors have recently made changes to their positions in the company. Fairfield Bush & CO. bought a new stake in Charter Communications in the first quarter worth approximately $94,000. American Century Companies Inc. boosted its holdings in Charter Communications by 10.6% in the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock worth $1,834,000 after purchasing an additional 322 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Charter Communications by 12,010.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock worth $660,000 after buying an additional 1,201 shares during the last quarter. Cetera Investment Advisers raised its holdings in Charter Communications by 4.5% during the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock valued at $469,000 after buying an additional 37 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Charter Communications by 19.4% in the first quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock worth $397,000 after buying an additional 118 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.
Charter Communications Stock Performance
The firm has a 50 day moving average price of $285.75 and a 200-day moving average price of $356.67. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $37.41 billion, a P/E ratio of 8.58, a P/E/G ratio of 0.44 and a beta of 0.96.
Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same quarter last year, the business earned $7.69 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, research analysts predict that Charter Communications, Inc. will post 32.58 EPS for the current year.
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.