Charter Communications (NASDAQ:CHTR) Rating Increased to Neutral at Citigroup

Charter Communications (NASDAQ:CHTR) was upgraded by equities research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, Briefing.com reports. The brokerage currently has a $350.00 price objective on the stock. Citigroup’s price target indicates a potential upside of 8.23% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. JPMorgan Chase & Co. raised their target price on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target for the company. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 31st. Finally, Pivotal Research raised their target price on Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $360.93.

Charter Communications Trading Down 0.4 %

CHTR stock opened at $323.39 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market cap of $46.16 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.61 and a beta of 1.05. The business has a fifty day simple moving average of $338.95 and a 200-day simple moving average of $299.70. Charter Communications has a 52 week low of $236.08 and a 52 week high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.05 EPS. On average, equities research analysts expect that Charter Communications will post 32.52 EPS for the current year.

Institutional Trading of Charter Communications

Several hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC raised its position 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 buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications during the first quarter worth approximately $34,000. Riverview Trust Co acquired a new stake in Charter Communications in the first quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV boosted its stake in Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after purchasing an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in shares of Charter Communications during the 2nd quarter valued at $50,000. Institutional investors own 81.76% of the company’s stock.

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.