Charter Communications (NASDAQ:CHTR) PT Raised to $325.00

Charter Communications (NASDAQ:CHTR) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from $300.00 to $325.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential downside of 14.12% from the company’s previous close.

CHTR has been the subject of a number of other reports. Rosenblatt Securities increased their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. increased their price target on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday. Loop Capital lowered their target price on Charter Communications from $335.00 to $285.00 and set a “hold” rating for the company in a report on Monday, April 29th. Citigroup cut Charter Communications from a “neutral” rating to a “sell” rating and lowered their target price for the company from $280.00 to $255.00 in a report on Wednesday, July 3rd. Finally, Barclays raised their target price on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a report on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $367.75.

Charter Communications Stock Up 2.9 %

NASDAQ CHTR traded up $10.83 during trading on Monday, hitting $378.45. The company’s stock had a trading volume of 1,128,217 shares, compared to its average volume of 1,470,772. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.40. The company has a market cap of $54.51 billion, a PE ratio of 12.33, a P/E/G ratio of 1.64 and a beta of 1.04. The business’s 50 day simple moving average is $292.90 and its 200-day simple moving average is $295.14. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. The company had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $8.05 EPS. On average, equities analysts anticipate that Charter Communications will post 30.5 EPS for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its holdings in Charter Communications by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after purchasing an additional 2,940 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Charter Communications by 50.8% during the 1st quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after buying an additional 3,080 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Charter Communications by 14.3% in the 4th quarter. Mackenzie Financial Corp now owns 47,854 shares of the company’s stock valued at $18,600,000 after buying an additional 5,979 shares during the period. Sands Capital Management LLC boosted its stake in shares of Charter Communications by 5.7% in the fourth quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after buying an additional 17,112 shares in the last quarter. Finally, Oakcliff Capital Partners LP grew its holdings in Charter Communications by 8.2% during the fourth quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock worth $14,954,000 after acquiring an additional 2,900 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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.