Charter Communications (NASDAQ:CHTR) Research Coverage Started at The Goldman Sachs Group (2024)

Posted by Defense World Staff on Jul 1st, 2024

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, Briefing.com reports. The brokerage set a “sell” rating and a $250.00 price target on the stock. The Goldman Sachs Group’s target price points to a potential downside of 16.38% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday, April 16th. UBS Group decreased their target price on shares of Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Sanford C. Bernstein raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price for the company in a report on Monday, March 18th. Pivotal Research decreased their target price on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. Finally, Wells Fargo & Company decreased their target price on shares of Charter Communications from $290.00 to $260.00 and set an “equal weight” rating for the company 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $343.13.

Get Our Latest Stock Report on Charter Communications

Charter Communications Trading Up 1.6 %

Shares of NASDAQ CHTR opened at $298.96 on Monday. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The stock has a market cap of $43.06 billion, a P/E ratio of 9.67, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04. The firm has a 50-day moving average of $274.69 and a 200 day moving average of $305.02. The company has a debt-to-equity ratio of 6.28, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR – Get Free Report) 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 net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to analysts’ expectations of $13.75 billion. During the same period last year, the business earned $6.65 earnings per share. The company’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after acquiring an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Charter Communications by 96.5% during the 1st quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock worth $827,848,000 after acquiring an additional 1,399,034 shares in the last quarter. Parnassus Investments LLC grew its holdings in Charter Communications by 40.1% during the 4th quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock worth $629,872,000 after acquiring an additional 463,968 shares in the last quarter. Putnam Investments LLC grew its holdings in Charter Communications by 24.5% during the 4th quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock worth $479,337,000 after acquiring an additional 242,448 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Charter Communications by 15.8% during the 3rd quarter. Morgan Stanley now owns 1,186,738 shares of the company’s stock worth $521,952,000 after acquiring an additional 161,830 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.