Charter Communications (NASDAQ:CHTR) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Monday, MarketBeat Ratings reports. They presently have a $283.00 price target on the stock, up from their prior price target of $267.01. Barclays’ price target would indicate a potential downside of 15.27% from the company’s previous close.

Several other research analysts have also recently weighed in on CHTR. Royal Bank Of Canada boosted their price objective on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $340.00 to $450.00 in a research report on Wednesday, August 9th. UBS reissued a “buy” rating and issued a $450.00 price objective (up previously from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Citigroup boosted their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research report on Tuesday, August 22nd. Finally, Evercore ISI upped their price target on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $378.12.

Charter Communications (CHTR) traded down $2.27 during mid-day trading on Monday, reaching $334.00. The company’s stock had a trading volume of 2,629,759 shares, compared to its average volume of 1,697,391. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications has a twelve month low of $267.01 and a twelve month high of $408.83. The stock has a market capitalization of $83,600.09, a PE ratio of 208.86, a P/E/G ratio of 6.26 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business had revenue of $10.46 billion during the quarter, compared to analysts’ expectations of $10.49 billion. During the same period in the prior year, the firm posted $0.69 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. equities research analysts forecast that Charter Communications will post 2.21 earnings per share for the current year.

In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were purchased at an average price of $323.61 per share, with a total value of $1,003,191.00. Following the transaction, the chief financial officer now directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of CHTR. Parallel Advisors LLC lifted its holdings in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after purchasing an additional 93 shares in the last quarter. Huntington National Bank purchased a new stake in Charter Communications during the 3rd quarter worth about $128,000. Barrett Asset Management LLC lifted its holdings in Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after purchasing an additional 216 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after purchasing an additional 151 shares in the last quarter. Finally, CLS Investments LLC lifted its holdings in Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares in the last quarter. 72.22% of the stock is currently owned by institutional investors and hedge funds.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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