Charter Communications (NASDAQ:CHTR) Hits New 12-Month Low Following Analyst Downgrade

Charter Communications, Inc. (NASDAQ:CHTR)’s stock price reached a new 52-week low during trading on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $375.00 to $320.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Charter Communications traded as low as $254.31 and last traded at $257.87, with a volume of 178913 shares trading hands. The stock had previously closed at $256.90.

A number of other research firms have also recently commented on CHTR. Rosenblatt Securities dropped their target price on Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday. Pivotal Research lowered their price objective on Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Benchmark lowered their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Bank of America lowered their price objective on Charter Communications from $350.00 to $315.00 and set a “neutral” rating on the stock in a report on Tuesday, April 9th. Finally, Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective on the stock in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $380.80.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sendero Wealth Management LLC raised its position in shares of Charter Communications by 15.2% during the 1st quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company’s stock valued at $4,800,000 after buying an additional 2,177 shares during the period. Aspiriant LLC raised its position in shares of Charter Communications by 9.7% during the 1st quarter. Aspiriant LLC now owns 1,681 shares of the company’s stock valued at $489,000 after buying an additional 148 shares during the period. Riverview Trust Co purchased a new stake in shares of Charter Communications during the 1st quarter valued at approximately $40,000. Caledonia Investments PLC raised its position in shares of Charter Communications by 9.7% during the 1st quarter. Caledonia Investments PLC now owns 141,400 shares of the company’s stock valued at $41,043,000 after buying an additional 12,500 shares during the period. Finally, Gulf International Bank UK Ltd raised its position in shares of Charter Communications by 0.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock valued at $2,344,000 after buying an additional 40 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Up 0.3 %

The stock has a market cap of $37.41 billion, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.44 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company’s 50-day moving average price is $285.75 and its 200 day moving average price is $356.67.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.69 EPS. On average, sell-side analysts forecast that Charter Communications, Inc. will post 32.58 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.