Charter Communications (NASDAQ:CHTR) Given New $380.00 Price Target at Royal Bank of Canada

Charter Communications (NASDAQ:CHTR) had its target price reduced by Royal Bank of Canada from $390.00 to $380.00 in a research report report published on Wednesday,Benzinga reports. They currently have a sector perform rating on the stock.

CHTR has been the subject of a number of other research reports. Pivotal Research increased their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research report on Tuesday, November 26th. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Price Performance

NASDAQ:CHTR opened at $348.00 on Wednesday. The business’s 50-day moving average price is $373.30 and its 200 day moving average price is $348.74. The firm has a market cap of $49.49 billion, a P/E ratio of 10.90, a PEG ratio of 0.48 and a beta of 1.10. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the company earned $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts predict that Charter Communications will post 34.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHTR. Dimensional Fund Advisors LP raised its stake in shares of Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after acquiring an additional 69,959 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Charter Communications in the 2nd quarter valued at approximately $1,132,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Charter Communications by 8.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock valued at $1,110,000 after acquiring an additional 282 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Charter Communications by 6.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,515 shares of the company’s stock valued at $453,000 after acquiring an additional 94 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of Charter Communications by 12.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,504 shares of the company’s stock valued at $2,841,000 after acquiring an additional 1,026 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

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.