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Charter Communications (NASDAQ:CHTR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. They currently have a $134.60 price target on the stock. Zacks‘ price objective would indicate a potential downside of 1.50% from the company’s current price.

Charter Communications (NASDAQ:CHTR) traded up 1.14% during mid-day trading on Wednesday, hitting $138.214. The stock had a trading volume of 2,598,665 shares. Charter Communications has a 1-year low of $76.19 and a 1-year high of $144.02. The stock’s 50-day moving average is $133.6 and its 200-day moving average is $130.7. The company’s market cap is $14.392 billion.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.68) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.81. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted ($0.78) earnings per share. Charter Communications’s revenue was up 5.4% compared to the same quarter last year. Analysts expect that Charter Communications will post $-1.90 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Buckingham Research initiated coverage on shares of Charter Communications in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Charter Communications in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Charter Communications in a research note to investors on Wednesday, December 4th. They set a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company’s stock. Charter Communications currently has a consensus rating of “Hold” and an average target price of $122.87.

Charter Communications, Inc (NASDAQ:CHTR) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers.

To view Zacks’ full report, visit www.zacks.com

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