JPMorgan Chase & Co. Lowers Charter Communications (NASDAQ:CHTR) Price Target to $200.00

Charter Communications (NASDAQ:CHTR) had its price target cut by JPMorgan Chase & Co. from $215.00 to $200.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 56.51% from the stock’s current price.

Several other equities research analysts also recently issued reports on CHTR. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $170.00 to $160.00 and set an “underweight” rating for the company in a research note on Tuesday, July 7th. Freedom Capital raised shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a report on Wednesday, June 24th. UBS Group reaffirmed a “neutral” rating and set a $235.00 price target on shares of Charter Communications in a research report on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Reduce” and an average target price of $249.12.

Charter Communications Stock Down 1.1%

Shares of NASDAQ:CHTR opened at $127.79 on Monday. The company has a debt-to-equity ratio of 4.56, a quick ratio of 0.40 and a current ratio of 0.40. Charter Communications has a 1 year low of $124.05 and a 1 year high of $402.15. The stock has a market capitalization of $15.72 billion, a P/E ratio of 3.45, a PEG ratio of 0.23 and a beta of 0.71. The stock has a 50-day simple moving average of $137.07 and a 200-day simple moving average of $185.58.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period last year, the company posted $8.42 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities analysts forecast that Charter Communications will post 41.47 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In other news, Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average cost of $173.72 per share, with a total value of $995,068.16. Following the completion of the transaction, the director owned 6,925 shares in the company, valued at approximately $1,203,011. This trade represents a 478.53% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas Rutledge sold 69,633 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares of the company’s stock, valued at $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 20,125 shares of company stock valued at $3,167,116. 1.10% of the stock is owned by company insiders.

Institutional Trading of Charter Communications

Large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC acquired a new position in shares of Charter Communications in the first quarter worth about $25,000. Quarry LP grew its stake in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Charter Communications during the 4th quarter valued at approximately $25,000. DV Equities LLC purchased a new stake in Charter Communications during the 4th quarter worth approximately $25,000. Finally, Geneos Wealth Management Inc. increased its holdings in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.