Charter Communications (NASDAQ:CHTR) Stock Moved Down to Strong Sell by Zacks Research

Charter Communications (NASDAQ:CHTR) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other equities research analysts also recently weighed in on CHTR. Weiss Ratings downgraded shares of Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Royal Bank Of Canada cut their target price on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Monday, July 27th. BNP Paribas Exane reduced their price target on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 14th. Arete Research upgraded Charter Communications to a “strong sell” rating in a research note on Thursday, October 1st. Finally, Barclays lowered their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $193.41.

Charter Communications Stock Up 1.7%

CHTR stock opened at $136.31 on Tuesday. Charter Communications has a twelve month low of $101.11 and a twelve month high of $254.11. The company has a current ratio of 0.37, a quick ratio of 0.36 and a debt-to-equity ratio of 3.58. The company has a market capitalization of $16.26 billion, a P/E ratio of 14.10, a PEG ratio of 0.71 and a beta of 0.73. The firm has a 50 day simple moving average of $119.72 and a 200-day simple moving average of $162.43.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 6th. The company reported ($20.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). The company had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $13.50 billion. Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $8.34 EPS. On average, equities research analysts predict that Charter Communications will post 35.30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in Charter Communications by 28.4% in the 1st quarter. Bank of America Corp DE now owns 731,708 shares of the company’s stock valued at $157,961,000 after acquiring an additional 161,888 shares during the period. Danske Bank A S boosted its position in Charter Communications by 187.4% during the 3rd quarter. Danske Bank A S now owns 1,142,949 shares of the company’s stock worth $128,145,000 after acquiring an additional 745,256 shares during the period. Russell Investments Group Ltd. boosted its position in Charter Communications by 507.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 767,841 shares of the company’s stock worth $85,154,000 after acquiring an additional 641,422 shares during the period. Sei Investments Co. grew its stake in shares of Charter Communications by 79.2% in the first quarter. Sei Investments Co. now owns 250,497 shares of the company’s stock worth $54,078,000 after purchasing an additional 110,684 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Charter Communications by 1.5% in the first quarter. Swiss National Bank now owns 246,896 shares of the company’s stock worth $53,300,000 after purchasing an additional 3,560 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications News Roundup

These are some of the CHTR news items that stood out recently:

• Neutral Sentiment: Morgan Stanley and Bernstein reiterated Hold ratings, signaling neither a strong endorsement nor a new bearish shift. Morgan Stanley Hold rating Bernstein Hold rating
• Negative Sentiment: Kahn Swick & Foti announced an investigation into Charter’s officers and directors related to the company’s participation in the federal Affordable Connectivity Program, which ended in 2024. The announcement creates potential legal and reputational uncertainty; it does not establish wrongdoing. Investigation announcement
• Negative Sentiment: A separate earnings-call analysis characterized Charter’s growth reset as costly, raising concerns about the expense of its strategy. Earnings call analysis

About Charter Communications

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.