Charter Communications (NASDAQ:CHTR) Given New $320.00 Price Target at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on CHTR. UBS Group lowered their price objective on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a research report on Thursday, March 28th. Pivotal Research cut their target price on shares of Charter Communications from $500.00 to $450.00 and set a buy rating on the stock in a research note on Monday, February 5th. Benchmark cut their target price on shares of Charter Communications from $490.00 to $440.00 and set a buy rating on the stock in a research note on Monday, February 5th. JPMorgan Chase & Co. dropped their price objective on shares of Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a research note on Monday, April 1st. Finally, Bank of America lowered their target price on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Charter Communications currently has a consensus rating of Hold and a consensus price target of $380.80.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $257.57 on Tuesday. The company has a 50 day moving average of $285.75 and a 200-day moving average of $356.67. Charter Communications has a 1-year low of $254.31 and a 1-year high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The company 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.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period last year, the company posted $7.69 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications will post 32.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Charter Communications Company Profile

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.