Charter Communications (NASDAQ:CHTR) PT Lowered to $297.00 at Rosenblatt Securities

Charter Communications (NASDAQ:CHTR) had its target price decreased by Rosenblatt Securities from $334.00 to $297.00 in a report released on Monday morning, Benzinga reports. Rosenblatt Securities currently has a neutral rating on the stock.

A number of other research firms also recently weighed in on CHTR. Pivotal Research cut their price target on shares of Charter Communications from $500.00 to $450.00 and set a buy rating on the stock in a report on Monday, February 5th. Benchmark cut their price target on shares of 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 cut their price target on shares of Charter Communications from $350.00 to $315.00 and set a neutral rating on the stock in a report on Tuesday, April 9th. UBS Group cut their price target on shares of Charter Communications from $360.00 to $325.00 and set a neutral rating on the stock in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a report on Monday, April 1st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $380.80.

Charter Communications Trading Up 0.7 %

Charter Communications stock opened at $259.91 on Monday. The company has a 50 day moving average price of $284.78 and a 200 day moving average price of $355.31. Charter Communications has a 52 week low of $254.31 and a 52 week high of $458.30. 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 firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $7.07 EPS 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 during the quarter, compared to analyst estimates of $13.70 billion. During the same period in the prior year, the business posted $7.69 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts forecast that Charter Communications will post 32.58 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wetzel Investment Advisors Inc. acquired a new stake in shares of Charter Communications during the 4th quarter valued at about $25,000. Janiczek Wealth Management LLC boosted its position in shares of Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after acquiring an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $31,000. Riverview Trust Co acquired a new stake in shares of Charter Communications during the 1st quarter valued at about $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Charter Communications in the fourth quarter valued at approximately $44,000. Institutional investors own 81.76% of the company’s stock.

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.