Charter Communications (NASDAQ:CHTR) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a sell rating in a report published on Monday, BidAskClub reports.

A number of other equities research analysts also recently commented on CHTR. Cowen lifted their target price on shares of Charter Communications from $413.00 to $433.00 and gave the stock an in-line rating in a research report on Monday, July 29th. Morgan Stanley lifted their target price on shares of Charter Communications from $420.00 to $450.00 and gave the stock an overweight rating in a research report on Wednesday, July 17th. Bank of America reaffirmed a buy rating and issued a $450.00 target price (up previously from $425.00) on shares of Charter Communications in a research report on Tuesday, July 30th. Raymond James lifted their target price on shares of Charter Communications from $435.00 to $460.00 and gave the stock a strong-buy rating in a research report on Monday, July 29th. Finally, ValuEngine downgraded shares of Charter Communications from a buy rating to a hold rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $416.06.

Shares of CHTR opened at $380.94 on Monday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.67. Charter Communications has a twelve month low of $272.91 and a twelve month high of $417.13. The company has a market capitalization of $83.34 billion, a P/E ratio of 72.98, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23. The firm has a 50 day moving average of $396.71 and a 200 day moving average of $371.88.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.40 billion. During the same period last year, the firm posted $1.15 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that Charter Communications will post 6.91 EPS for the current year.

In other news, Director Lance Conn sold 927 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the sale, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the director now directly owns 11,773 shares of the company’s stock, valued at approximately $4,588,879.94. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Several hedge funds have recently modified their holdings of CHTR. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Charter Communications during the 2nd quarter valued at $34,000. Rational Advisors LLC grew its position in shares of Charter Communications by 230.3% during the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares during the period. TCG Advisors LP bought a new stake in shares of Charter Communications during the 1st quarter valued at $42,000. Huntington National Bank lifted its stake in shares of Charter Communications by 31.1% during the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after buying an additional 32 shares in the last quarter. Finally, Ibex Wealth Advisors purchased a new position in shares of Charter Communications during the 2nd quarter valued at $49,000. 72.55% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Company Profile

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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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