Charter Communications (NASDAQ:CHTR) Raised to Neutral at BNP Paribas

Charter Communications (NASDAQ:CHTR) was upgraded by stock analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Marketbeat.com reports. The brokerage presently has a $360.00 price target on the stock. BNP Paribas’ target price would indicate a potential downside of 7.65% from the company’s current price.

Several other research firms also recently commented on CHTR. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Rosenblatt Securities boosted their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Royal Bank of Canada raised their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Finally, Morgan Stanley lifted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $378.00.

Charter Communications Trading Down 0.1 %

Shares of Charter Communications stock opened at $389.81 on Tuesday. The firm’s 50 day moving average is $350.95 and its 200 day moving average is $327.93. The firm has a market capitalization of $55.43 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.03. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. Equities research analysts forecast that Charter Communications will post 32.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in the business. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the period. US Bancorp DE grew its stake in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the period. B. Riley Wealth Advisors Inc. increased its position in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust raised its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the period. Finally, CVA Family Office LLC boosted its holdings in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.