Charter Communications (NASDAQ:CHTR) Price Target Raised to $415.00

Charter Communications (NASDAQ:CHTR) had its price objective hoisted by Morgan Stanley from $360.00 to $415.00 in a research report report published on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

CHTR has been the topic of several other research reports. Barclays lifted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday. Royal Bank of Canada started coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price for the company. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the stock from $385.00 to $450.00 in a report on Monday. Finally, Rosenblatt Securities lifted their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $378.47.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $375.83 on Monday. The firm has a market cap of $53.65 billion, a P/E ratio of 11.77, a PEG ratio of 0.66 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications has a twelve month low of $236.08 and a twelve month high of $422.92. The company has a 50 day moving average of $333.47 and a 200 day moving average of $313.19.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the business earned $8.25 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, research analysts expect that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors and hedge funds have recently bought and sold shares of CHTR. Capital International Investors boosted its stake in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after purchasing an additional 247,789 shares during the period. Pzena Investment Management LLC raised its position in Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares during the period. Finally, Zimmer Partners LP purchased a new stake in Charter Communications in the first quarter valued at approximately $32,074,000. 81.76% of the stock is currently owned by hedge funds and other 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.