Charter Communications (NASDAQ:CHTR) Upgraded to “Neutral” at BNP Paribas

Charter Communications (NASDAQ:CHTR) was upgraded by BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat.com reports. The brokerage presently has a $360.00 price objective on the stock. BNP Paribas’ price objective indicates a potential downside of 7.65% from the company’s current price.

CHTR has been the subject of several other research reports. Rosenblatt Securities upped their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Morgan Stanley upped their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. TD Cowen boosted their target price on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $378.00.

Charter Communications Trading Down 0.1 %

CHTR opened at $389.81 on Tuesday. The firm has a market capitalization of $55.43 billion, a PE ratio of 12.21, a P/E/G ratio of 0.61 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company’s 50-day moving average is $350.95 and its 200 day moving average is $327.93.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the business posted $8.25 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts predict that Charter Communications will post 32.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its position in shares of Charter Communications by 172,425.2% in the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after purchasing an additional 348,299 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after acquiring an additional 247,789 shares in the last quarter. FMR LLC boosted its holdings in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares during the period. Pzena Investment Management LLC grew its position in shares of Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Fernbridge Capital Management LP bought a new stake in shares of Charter Communications during the 3rd quarter valued at $48,200,000. 81.76% of the stock is owned by hedge funds and other 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.