Charter Communications Downgraded by Jefferies Group to Hold (CHTR)
Charter Communications (NASDAQ:CHTR) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. They currently have a $175.00 price objective on the stock, up from their previous price objective of $160.00. Jefferies Group’s price objective suggests a potential upside of 6.72% from the company’s current price.
CHTR has been the subject of a number of other recent research reports. Analysts at Barclays raised their price target on shares of Charter Communications from $125.00 to $157.00 in a research note on Monday, July 7th. They now have an “equal weight” rating on the stock. Separately, analysts at ISI Group upgraded shares of Charter Communications from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 30th. They now have a $180.00 price target on the stock. Finally, analysts at Evercore Partners upgraded shares of Charter Communications from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 30th. They now have a $180.00 price target on the stock, up previously from $120.00. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $140.93.
Shares of Charter Communications (NASDAQ:CHTR) traded down 0.51% on Thursday, hitting $163.15. The stock had a trading volume of 464,171 shares. Charter Communications has a 52 week low of $116.78 and a 52 week high of $165.49. The stock has a 50-day moving average of $153.0 and a 200-day moving average of $136.7. The company’s market cap is $17.656 billion.
Charter Communications (NASDAQ:CHTR) last released its earnings data on Monday, April 28th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.44. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Charter Communications will post $0.50 earnings per share for the current fiscal year.
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.
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