Charter Communications’ (CHTR) “Underperform” Rating Reiterated at Wolfe Research

Wolfe Research restated their underperform rating on shares of Charter Communications (NASDAQ:CHTR) in a report released on Monday, Marketbeat reports. The firm currently has a $118.00 target price on the stock.

Several other equities analysts also recently weighed in on CHTR. JPMorgan Chase & Co. lowered their price target on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Bank of America reissued a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. Morgan Stanley restated an “equal weight” rating and set a $150.00 target price on shares of Charter Communications in a research note on Monday. UBS Group dropped their target price on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $216.56.

Charter Communications Price Performance

NASDAQ CHTR opened at $135.00 on Monday. The business’s fifty day moving average is $143.90 and its 200 day moving average is $166.27. Charter Communications has a fifty-two week low of $111.55 and a fifty-two week high of $285.82. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market capitalization of $16.10 billion, a PE ratio of 3.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The business had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. During the same quarter in the prior year, the business posted $9.18 earnings per share. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that Charter Communications will post 42.72 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Thompson Siegel & Walmsley LLC lifted its stake in shares of Charter Communications by 1,804.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock valued at $21,403,000 after purchasing an additional 97,143 shares during the last quarter. Norges Bank purchased a new stake in Charter Communications during the 4th quarter valued at $555,383,000. Polianta Ltd purchased a new stake in Charter Communications during the 2nd quarter valued at $1,777,000. BW Gestao de Investimentos Ltda. bought a new stake in Charter Communications in the fourth quarter worth $3,131,000. Finally, California First Leasing Corp lifted its position in Charter Communications by 100.1% in the first quarter. California First Leasing Corp now owns 24,772 shares of the company’s stock worth $5,348,000 after buying an additional 12,390 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Key Stories Impacting Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Charter’s Cox merger expands its addressable market by more than 11 million homes and businesses. The company is promoting Spectrum internet, mobile and television services in former Cox markets, which could support customer additions, bundled sales and operating scale. Spectrum expands into former Cox markets
• Positive Sentiment: Analysts’ reported average price target of $226.88 is substantially above the current trading level, suggesting some investors view the stock as undervalued after its steep decline. Analysts set Charter price target
• Positive Sentiment: Commentary highlights Charter’s wireless growth, acquisition discipline and dividend profile as potential longer-term support for the investment case. Charter Cox merger and wireless growth
• Neutral Sentiment: Charter declared its regular quarterly cash dividend on Series A preferred stock. The announcement confirms the distribution but does not change the outlook for common-stock earnings. Charter declares preferred-stock dividend
• Negative Sentiment: A broadband subscriber warning remains the main near-term concern, raising questions about demand, competition and whether the Cox integration can quickly offset customer losses. Charter broadband subscriber warning
• Negative Sentiment: Wolfe Research assigned Charter an Underperform rating, while Bernstein reiterated a Hold view, reinforcing investor caution despite the low valuation. Wolfe Research Underperform rating Bernstein Hold rating

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.