Charter Communications (NASDAQ:CHTR) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of Charter Communications (NASDAQ:CHTR) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued a sell rating and a $250.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Citigroup decreased their price objective on Charter Communications from $300.00 to $280.00 and set a neutral rating on the stock in a research note on Monday, April 29th. Loop Capital decreased their price objective on Charter Communications from $335.00 to $285.00 and set a hold rating on the stock in a research note on Monday, April 29th. Pivotal Research decreased their price objective on Charter Communications from $450.00 to $400.00 and set a buy rating on the stock in a research note on Monday, April 29th. Barclays decreased their price objective on Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $375.00 to $320.00 and set a hold rating on the stock in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Charter Communications has an average rating of Hold and an average price target of $343.13.

Charter Communications Stock Down 1.0 %

CHTR stock opened at $296.02 on Monday. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The business’s 50-day moving average is $274.69 and its two-hundred day moving average is $305.02. The company has a debt-to-equity ratio of 6.28, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $42.64 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.11 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 earnings per share for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same period in the prior year, the company posted $6.65 EPS. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Charter Communications will post 32.51 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Charter Communications by 96.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after acquiring an additional 1,399,034 shares during the last quarter. Parnassus Investments LLC lifted its stake in shares of Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after acquiring an additional 463,968 shares during the last quarter. Putnam Investments LLC lifted its stake in shares of Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares during the last quarter. Finally, Morgan Stanley lifted its stake in shares of Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after acquiring an additional 161,830 shares during the last quarter. Hedge funds and other 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.