Charter Communications (NASDAQ:CHTR) Price Target Raised to $450.00 at Benchmark

Charter Communications (NASDAQ:CHTR) had its price target boosted by Benchmark from $440.00 to $450.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price target indicates a potential upside of 19.73% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Rosenblatt Securities increased their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada boosted their price target on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday. Barclays raised their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday. Finally, TD Cowen boosted their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Up 2.5 %

Shares of CHTR opened at $375.83 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business has a fifty day moving average of $333.47 and a 200 day moving average of $313.19. The company has a market cap of $53.65 billion, a PE ratio of 11.77, a P/E/G ratio of 0.66 and a beta of 1.03. Charter Communications has a 52-week low of $236.08 and a 52-week high of $422.92.

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

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter worth about $28,000. CVA Family Office LLC boosted its stake in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications during the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust increased its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.