Charter Communications (NASDAQ:CHTR) Now Covered by Analysts at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group began coverage on shares of Charter Communications (NASDAQ:CHTR) in a report released on Monday, Marketbeat.com reports. The firm set a “sell” rating and a $250.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential downside of 17.63% from the company’s previous close.

Several other equities analysts have also recently commented on CHTR. Loop Capital reduced their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company decreased their target price on Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. Citigroup dropped their price target on Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Rosenblatt Securities decreased their price objective on shares of Charter Communications from $297.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Bank of America dropped 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $343.13.

Charter Communications Price Performance

CHTR stock opened at $303.50 on Monday. The company has a market capitalization of $43.71 billion, a PE ratio of 9.82, a P/E/G ratio of 1.11 and a beta of 1.04. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The stock’s 50 day moving average is $275.31 and its two-hundred day moving average is $304.41. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a return on equity of 31.42% and a net margin of 8.50%. The company had revenue of $13.68 billion during the quarter, compared to the consensus estimate of $13.75 billion. During the same quarter last year, the firm posted $6.65 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Charter Communications will post 32.51 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Charter Communications by 9.7% during the third quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock valued at $6,501,000 after buying an additional 1,311 shares during the last quarter. Victory Capital Management Inc. boosted its position in Charter Communications by 2.9% during the 4th quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after acquiring an additional 2,940 shares during the period. Graham Capital Management L.P. grew its stake in shares of Charter Communications by 354.7% in the third quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after purchasing an additional 11,805 shares in the last quarter. Kinetic Partners Management LP grew its stake in shares of Charter Communications by 51.3% in the third quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after purchasing an additional 60,300 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Charter Communications by 14.3% during the fourth quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after purchasing an additional 5,979 shares in the last quarter. 81.76% of the stock is currently 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.