Charter Communications (CHTR) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a hold rating in a research report report published on Monday, April 1st, BidAskClub reports.

CHTR has been the subject of a number of other reports. Zacks Investment Research lowered shares of Charter Communications from a buy rating to a hold rating in a research report on Wednesday, March 6th. Credit Suisse Group reissued a neutral rating and issued a $345.00 price target (up from $294.00) on shares of Charter Communications in a research report on Friday, February 1st. TD Securities initiated coverage on shares of Charter Communications in a research report on Wednesday, January 16th. They issued a buy rating and a $385.00 price target for the company. Cowen increased their price target on shares of Charter Communications from $337.00 to $357.00 and gave the stock an outperform rating in a research report on Friday, December 7th. Finally, Nomura initiated coverage on shares of Charter Communications in a research report on Wednesday, January 16th. They issued a neutral rating and a $330.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $359.18.

Shares of NASDAQ:CHTR traded up $3.39 during trading hours on Monday, hitting $370.15. 775,967 shares of the company’s stock traded hands, compared to its average volume of 1,287,724. Charter Communications has a 52 week low of $250.10 and a 52 week high of $370.33. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The firm has a market cap of $80.82 billion, a price-to-earnings ratio of 70.91, a price-to-earnings-growth ratio of 1.10 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, January 31st. The company reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.20). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. On average, research analysts forecast that Charter Communications will post 7.54 earnings per share for the current year.

In related news, insider John Bickham sold 14,017 shares of the firm’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $340.86, for a total value of $4,777,834.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John D. Markley, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $350.09, for a total value of $350,090.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 57,233 shares of company stock worth $19,544,909. 0.84% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. We Are One Seven LLC bought a new position in shares of Charter Communications during the fourth quarter valued at $26,000. Massey Quick Simon & CO. LLC bought a new position in shares of Charter Communications during the fourth quarter valued at $29,000. Whitener Capital Management Inc. bought a new position in shares of Charter Communications during the fourth quarter valued at $29,000. Hanson McClain Inc. lifted its holdings in shares of Charter Communications by 157.8% during the fourth quarter. Hanson McClain Inc. now owns 116 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, Cornerstone Advisors Inc. raised its holdings in shares of Charter Communications by 55.7% in the third quarter. Cornerstone Advisors Inc. now owns 123 shares of the company’s stock valued at $40,000 after buying an additional 44 shares during the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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