Charter Communications (NASDAQ:CHTR) Price Target Raised to $315.00

Charter Communications (NASDAQ:CHTR) had its price objective upped by Barclays from $300.00 to $315.00 in a research report released on Monday, Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued research reports about the company. Morgan Stanley lifted their price objective on Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Pivotal Research raised their price target on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada started coverage on Charter Communications in a research report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Up 6.7 %

Shares of CHTR stock opened at $408.02 on Monday. The stock has a 50 day moving average of $334.95 and a 200-day moving average of $314.67. The firm has a market cap of $58.24 billion, a PE ratio of 12.78, a price-to-earnings-growth 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 12 month low of $236.08 and a 12 month high of $421.16.

Charter Communications (NASDAQ:CHTR) last issued its quarterly 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 firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the firm earned $8.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis. On average, equities analysts predict that Charter Communications will post 32.51 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications during the 3rd quarter worth about $28,000. CVA Family Office LLC lifted its position in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. 81.76% of the stock is currently 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.