Charter Communications (NASDAQ:CHTR) Earns Sector Perform Rating from Analysts at Royal Bank of Canada

Research analysts at Royal Bank of Canada assumed coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note issued on Thursday, MarketBeat.com reports. The brokerage set a “sector perform” rating and a $345.00 price target on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 4.42% from the stock’s previous close.

Several other analysts have also recently commented on CHTR. The Goldman Sachs Group started coverage on Charter Communications in a research report on Monday, July 1st. They issued a “sell” rating and a $250.00 target price on the stock. Morgan Stanley lifted their price target on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 29th. Rosenblatt Securities lifted their price target on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Finally, Pivotal Research lifted their price target on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $359.94.

Charter Communications Stock Down 0.3 %

Shares of Charter Communications stock opened at $330.40 on Thursday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The business’s 50 day simple moving average is $344.81 and its 200-day simple moving average is $302.16. The stock has a market capitalization of $47.59 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 0.61 and a beta of 1.05. Charter Communications has a twelve month low of $236.08 and a twelve month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. During the same period last year, the firm earned $8.05 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 32.52 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently modified their holdings of the stock. Heritage Wealth Management Inc. bought a new stake in shares of Charter Communications during the 2nd quarter worth $393,000. Sanctuary Advisors LLC purchased a new position in shares of Charter Communications during the second quarter valued at $1,212,000. B. Riley Wealth Advisors Inc. grew its holdings in shares of Charter Communications by 3.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares in the last quarter. Creative Planning grew its holdings in shares of Charter Communications by 32.0% during the second quarter. Creative Planning now owns 10,820 shares of the company’s stock valued at $3,235,000 after buying an additional 2,624 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Charter Communications during the second quarter valued at $1,786,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

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.