Charter Communications (NASDAQ:CHTR) Given New $140.00 Price Target at Morgan Stanley

Charter Communications (NASDAQ:CHTR) had its target price reduced by Morgan Stanley from $150.00 to $140.00 in a research report sent to investors on Friday morning. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also weighed in on the company. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Freedom Capital raised shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th. Wolfe Research reissued an “underperform” rating and issued a $118.00 target price on shares of Charter Communications in a research note on Monday, September 14th. Bank of America reissued a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $215.17.

Charter Communications Stock Down 3.9%

CHTR stock opened at $112.91 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. Charter Communications has a 52-week low of $111.55 and a 52-week high of $285.82. The company has a 50-day moving average of $142.48 and a two-hundred day moving average of $161.32. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 2.93, a price-to-earnings-growth ratio of 0.25 and a beta of 0.69.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $13.51 billion. During the same period in the previous year, the company posted $9.18 earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that Charter Communications will post 42.72 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Institutional investors have recently bought and sold shares of the company. Pure Financial Advisors LLC raised its holdings in shares of Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after purchasing an additional 44 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Charter Communications by 29.3% in the 4th quarter. Global Retirement Partners LLC now owns 357 shares of the company’s stock valued at $75,000 after acquiring an additional 81 shares during the period. Rothschild Investment LLC increased its stake in shares of Charter Communications by 8.0% during the 4th quarter. Rothschild Investment LLC now owns 1,244 shares of the company’s stock worth $260,000 after purchasing an additional 92 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Charter Communications by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock worth $6,476,000 after purchasing an additional 100 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Charter Communications by 3.9% in the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock valued at $598,000 after purchasing an additional 104 shares during the period. Institutional investors own 81.76% of the company’s stock.

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.