Charter Communications’ (CHTR) “Sell” Rating Reiterated at Barclays

Barclays reaffirmed their sell rating on shares of Charter Communications (NASDAQ:CHTR) in a research report report published on Tuesday morning, AnalystRatings.com reports. They currently have a $338.00 target price on the stock.

A number of other analysts have also recently issued reports on the company. Bank of America restated a buy rating and set a $450.00 price objective (up from $425.00) on shares of Charter Communications in a research report on Tuesday, July 30th. Credit Suisse Group upped their price target on Charter Communications from $370.00 to $400.00 and gave the company a neutral rating in a research report on Monday, July 29th. Macquarie initiated coverage on Charter Communications in a research report on Wednesday, June 19th. They issued a hold rating and a $390.00 price target on the stock. Rosenblatt Securities reiterated a buy rating and issued a $480.00 price target on shares of Charter Communications in a research report on Monday, July 29th. Finally, TD Securities lowered their price target on Charter Communications from $460.00 to $450.00 and set a hold rating on the stock in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $422.95.

CHTR opened at $440.05 on Tuesday. The business has a 50 day moving average price of $421.36 and a 200 day moving average price of $392.63. Charter Communications has a twelve month low of $272.91 and a twelve month high of $445.00. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market cap of $97.88 billion, a P/E ratio of 74.90, a price-to-earnings-growth ratio of 1.60 and a beta of 1.21.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.40 billion. During the same quarter last year, the firm earned $1.15 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts anticipate that Charter Communications will post 6.59 earnings per share for the current fiscal year.

In other news, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the transaction, the director now owns 11,773 shares of the company’s stock, valued at $4,588,879.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.84% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Charter Communications in the second quarter valued at about $34,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Charter Communications during the third quarter worth about $35,000. Mechanics Bank Trust Department acquired a new stake in shares of Charter Communications during the third quarter worth about $38,000. Ibex Wealth Advisors acquired a new stake in shares of Charter Communications during the second quarter worth about $49,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Charter Communications during the third quarter worth about $65,000. 72.40% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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