Charter Communications (NASDAQ:CHTR) Price Target Lowered to $185.00 at The Goldman Sachs Group

Charter Communications (NASDAQ:CHTR) had its price objective cut by investment analysts at The Goldman Sachs Group from $210.00 to $185.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential downside of 13.32% from the stock’s current price.

A number of other equities analysts also recently issued reports on CHTR. Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday. Exane BNP Paribas reissued an “underperform” rating on shares of Charter Communications in a report on Tuesday, January 27th. Citigroup reduced their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $332.31.

Charter Communications Trading Up 3.5%

NASDAQ CHTR traded up $7.32 during trading on Monday, hitting $213.44. The stock had a trading volume of 1,392,877 shares, compared to its average volume of 2,220,663. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a market capitalization of $27.62 billion, a PE ratio of 5.88, a PEG ratio of 0.57 and a beta of 1.06. The firm has a 50 day moving average price of $202.06 and a 200 day moving average price of $241.84. Charter Communications has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the business posted $10.10 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Charter Communications

Hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new stake in shares of Charter Communications in the fourth quarter valued at about $226,000. PFA Pension Forsikringsaktieselskab acquired a new stake in Charter Communications in the 4th quarter valued at approximately $3,499,000. Danske Bank A S lifted its stake in Charter Communications by 7.9% in the 4th quarter. Danske Bank A S now owns 48,772 shares of the company’s stock valued at $10,181,000 after acquiring an additional 3,567 shares in the last quarter. New York State Teachers Retirement System boosted its position in Charter Communications by 1.3% during the 4th quarter. New York State Teachers Retirement System now owns 76,461 shares of the company’s stock worth $15,961,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Keybank National Association OH grew its stake in shares of Charter Communications by 7.9% during the 4th quarter. Keybank National Association OH now owns 1,406 shares of the company’s stock worth $294,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.