Recent Analysts’ Ratings Changes for Charter Communications (CHTR)

Charter Communications (NASDAQ: CHTR) has recently received a number of price target changes and ratings updates:

  • 5/16/2018 – Charter Communications is now covered by analysts at KeyCorp. They set an “equal weight” rating on the stock.
  • 5/13/2018 – Charter Communications had its “buy” rating reaffirmed by analysts at Macquarie.
  • 4/30/2018 – Charter Communications had its “sell” rating reaffirmed by analysts at Barclays. They now have a $254.00 price target on the stock.
  • 4/30/2018 – Charter Communications had its price target lowered by analysts at Wells Fargo from $460.00 to $360.00. They now have an “outperform” rating on the stock.
  • 4/30/2018 – Charter Communications had its price target lowered by analysts at Buckingham Research from $425.00 to $397.00. They now have a “buy” rating on the stock.
  • 4/30/2018 – Charter Communications had its price target lowered by analysts at SunTrust Banks to $390.00. They now have a “buy” rating on the stock.
  • 4/27/2018 – Charter Communications was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 4/27/2018 – Charter Communications had its price target lowered by analysts at Pivotal Research from $500.00 to $375.00. They now have a “buy” rating on the stock.
  • 4/23/2018 – Charter Communications was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Charter’s residential and commercial internet and voice customer growth continues to accelerate, which is evident from the revenue growth and subscriber gain. The recently announced partnership with Comcast to develop back-end software to support services for Xfinity and Spectrum mobile offerings is significantly positive for the company’s growth prospects. The collaboration will help in saving costs for both the companies. However, the company continues to struggle due to sluggish growth in a saturated and competitive multi-channel U.S. video market. Charter also faces stiff competition from online TV streaming service providers. We also view the company's high debt level and consolidation-related woes as potential hazards. Shares have declined on a year-to-date basis.”
  • 4/17/2018 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Charter have declined in the past-year primarily due to sluggish growth in a saturated and competitive multi-channel U.S. video market. The company continues to face stiff competition from online TV streaming service providers. We also view the company's high debt level and consolidation-related woes as potential hazards. However, we appreciate the company’s wireless venture, along with plans to offer its wireless service in 2018. The company’s residential and commercial internet and voice customer growth continues to accelerate, evident from the revenue growth and subscriber gain. Meanwhile, the company has mixed record of earnings surprises in recent quarters.”
  • 4/2/2018 – Charter Communications had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $335.00 price target on the stock.
  • 3/26/2018 – Charter Communications is now covered by analysts at Cowen Inc. They set an “outperform” rating on the stock.
  • 3/20/2018 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “We remain worried about Charter's operation in a saturated and competitive multi-channel U.S. video market. The company continues to face stiff competition from online TV streaming service providers. We also view the company's high debt level and consolidation-related woes as potential hazards. However, we appreciate the company’s wireless venture, along with plans to offer its wireless service in 2018. The company’s residential and commercial internet and voice customer growth continues to accelerate, evident from the revenue growth and subscriber gain. Further, despite cord-cutting, the company reported a net gain of 15,000 video, 300,000 Internet and 53,000 voice customers in fourth-quarter 2017. Meanwhile, the stock price grew 3.8% outperforming the industry's loss of 7.1%, in the past year's time frame.”

Shares of Charter Communications traded down $0.05, hitting $268.12, on Friday, Marketbeat reports. 9,302 shares of the company’s stock traded hands, compared to its average volume of 1,708,968. The stock has a market capitalization of $64.67 billion, a price-to-earnings ratio of 101.18, a PEG ratio of 3.27 and a beta of 1.20. Charter Communications has a one year low of $266.80 and a one year high of $271.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.21.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 27th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $10.66 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. research analysts forecast that Charter Communications will post 3.97 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of CHTR. Arrowstreet Capital Limited Partnership bought a new stake in shares of Charter Communications during the 4th quarter valued at $120,060,000. Farallon Capital Management LLC grew its holdings in shares of Charter Communications by 70.3% in the 1st quarter. Farallon Capital Management LLC now owns 789,581 shares of the company’s stock valued at $245,733,000 after buying an additional 325,956 shares during the period. Hengistbury Investment Partners LLP grew its holdings in shares of Charter Communications by 158.7% in the 4th quarter. Hengistbury Investment Partners LLP now owns 379,288 shares of the company’s stock valued at $127,426,000 after buying an additional 232,650 shares during the period. Coatue Management LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at $74,945,000. Finally, Triple Frond Partners LLC grew its holdings in shares of Charter Communications by 55.1% in the 4th quarter. Triple Frond Partners LLC now owns 606,029 shares of the company’s stock valued at $203,602,000 after buying an additional 215,400 shares during the period. Institutional investors own 72.36% of the company’s stock.

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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