Charter Communications (NASDAQ:CHTR) Price Target Cut to $275.00 by Analysts at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR) had its price target reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $325.00 to $275.00 in a report released on Monday,MarketScreener reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 23.76% from the company’s current price.

CHTR has been the subject of several other research reports. Bank of America reduced their target price on shares of Charter Communications from $440.00 to $355.00 and set a “buy” rating for the company in a research note on Wednesday, September 24th. BNP Paribas Exane cut their target price on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a research report on Tuesday. Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Tuesday, July 8th. Citigroup cut their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Charter Communications in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $329.56.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $222.20 on Monday. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 6.08, a PEG ratio of 0.55 and a beta of 1.05. The business has a 50 day moving average price of $260.84 and a 200 day moving average price of $327.68. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications has a twelve month low of $214.83 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). The business had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $8.82 earnings per share. Research analysts predict that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Charter Communications during the 2nd quarter worth $1,145,387,000. JPMorgan Chase & Co. raised its position in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock worth $851,331,000 after acquiring an additional 806,145 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Charter Communications by 48.8% during the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock valued at $304,674,000 after acquiring an additional 244,324 shares during the period. Lind Value II ApS acquired a new stake in Charter Communications in the third quarter worth about $60,646,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Charter Communications by 15.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,575,818 shares of the company’s stock worth $644,210,000 after purchasing an additional 209,869 shares during the period. 81.76% of the stock is owned by 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.