Charter Communications (NASDAQ:CHTR) Price Target Cut to $320.00 by Analysts at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR) had its target price lowered by research analysts at Deutsche Bank Aktiengesellschaft from $375.00 to $320.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 24.02% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a research report on Monday, March 18th. Wells Fargo & Company cut their price target on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a report on Friday, April 5th. Benchmark cut their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Barclays cut their price target on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating on the stock in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $380.80.

Charter Communications Trading Up 0.2 %

NASDAQ CHTR opened at $258.03 on Tuesday. The company’s fifty day simple moving average is $285.23 and its 200-day simple moving average is $355.98. Charter Communications has a 52 week low of $254.31 and a 52 week high of $458.30. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51. The stock has a market cap of $37.47 billion, a P/E ratio of 8.60, a PEG ratio of 0.43 and a beta of 0.96.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. During the same period in the previous year, the firm posted $7.69 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts predict that Charter Communications will post 32.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently modified their holdings of CHTR. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications during the fourth quarter worth about $25,000. Janiczek Wealth Management LLC grew its position in Charter Communications by 168.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock valued at $29,000 after buying an additional 42 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in Charter Communications in the 3rd quarter valued at about $31,000. Riverview Trust Co bought a new position in Charter Communications in the 1st quarter valued at about $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the 4th quarter valued at about $44,000. 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.