The Goldman Sachs Group Initiates Coverage on Charter Communications (NASDAQ:CHTR)

Equities research analysts at The Goldman Sachs Group initiated coverage on shares of Charter Communications (NASDAQ:CHTR – Get Free Report) in a report released on Monday, MarketBeat reports. The firm set a “sell” rating and a $250.00 price target on the stock. The Goldman Sachs Group’s price objective would indicate a potential downside of 15.55% from the stock’s previous close.

CHTR has been the topic of a number of other reports. UBS Group dropped their price objective on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating on the stock in a research note on Thursday, March 28th. Wells Fargo & Company lowered their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 29th. 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 report on Monday, March 18th. Bank of America lowered their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Rosenblatt Securities lowered their target price on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $343.13.

Read Our Latest Report on CHTR

Charter Communications Stock Down 1.0 %

NASDAQ:CHTR traded down $2.94 during midday trading on Monday, hitting $296.02. 1,084,328 shares of the company were exchanged, compared to its average volume of 1,460,688. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The company has a market capitalization of $42.64 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The company has a fifty day simple moving average of $274.69 and a 200 day simple moving average of $305.02.

Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its quarterly earnings data on Friday, April 26th. The company reported $7.55 EPS for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). The business had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.65 earnings per share. As a group, equities analysts anticipate that Charter Communications will post 32.51 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of the business. Aspiriant LLC lifted its holdings in shares of Charter Communications by 2.3% in the fourth quarter. Aspiriant LLC now owns 1,533 shares of the company’s stock valued at $596,000 after purchasing an additional 35 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Charter Communications by 5.8% in the fourth quarter. Axxcess Wealth Management LLC now owns 660 shares of the company’s stock valued at $257,000 after purchasing an additional 36 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of Charter Communications by 2.2% in the fourth quarter. Summit Trail Advisors LLC now owns 1,783 shares of the company’s stock valued at $693,000 after purchasing an additional 39 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Charter Communications by 1.2% in the fourth quarter. Perigon Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $1,345,000 after purchasing an additional 40 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of Charter Communications by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 8,067 shares of the company’s stock valued at $2,344,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

(Get Free Report)

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.

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