Charter Communications (NASDAQ:CHTR) Given New $400.00 Price Target at JPMorgan Chase & Co.

Charter Communications (NASDAQ:CHTR) had its price objective boosted by JPMorgan Chase & Co. from $385.00 to $400.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on CHTR. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday. Royal Bank of Canada assumed coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and raised their price target for the company from $385.00 to $450.00 in a report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Down 3.7 %

CHTR opened at $393.04 on Monday. The company has a market capitalization of $56.10 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.03. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The firm’s fifty day moving average price is $334.95 and its two-hundred day moving average price is $314.67. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $421.16.

Charter Communications (NASDAQ:CHTR) last posted 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. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.25 earnings per share. On average, analysts anticipate that Charter Communications will post 32.49 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. Savant Capital LLC raised its stake in shares of Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after purchasing an additional 31 shares during the period. US Bancorp DE raised its position in Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after buying an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after acquiring an additional 32 shares in the last quarter. Grove Bank & Trust boosted its position in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC raised its holdings in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is owned by 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.