Charter Communications (NASDAQ:CHTR) Given New $525.00 Price Target at Pivotal Research

Charter Communications (NASDAQ:CHTR) had its price objective hoisted by equities researchers at Pivotal Research from $435.00 to $525.00 in a research report issued to clients and investors on Monday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Pivotal Research’s price target indicates a potential upside of 43.25% from the stock’s current price.

A number of other research analysts have also recently commented on the company. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and upped their price objective for the company from $385.00 to $450.00 in a report on Monday. TD Cowen upped their price objective on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Rosenblatt Securities boosted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th. Four research 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, Charter Communications currently has an average rating of “Hold” and an average target price of $369.65.

Charter Communications Stock Up 11.9 %

Charter Communications stock opened at $366.49 on Monday. Charter Communications has a 52 week low of $236.08 and a 52 week high of $424.86. 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 business’s 50-day moving average price is $333.06 and its 200 day moving average price is $312.37. The firm has a market cap of $52.31 billion, a price-to-earnings ratio of 11.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03.

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 8.51% and a return on equity of 30.11%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the company posted $8.25 EPS. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of Charter Communications in the 1st quarter valued at approximately $828,000. Private Advisor Group LLC boosted its stake in shares of Charter Communications by 31.2% in the 1st quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after purchasing an additional 1,500 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Charter Communications by 23.3% in the first quarter. Janney Montgomery Scott LLC now owns 7,614 shares of the company’s stock valued at $2,213,000 after acquiring an additional 1,437 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Charter Communications by 9.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,403 shares of the company’s stock valued at $698,000 after purchasing an additional 200 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new stake in Charter Communications in the 1st quarter valued at about $90,000. 81.76% of the stock is owned by hedge funds and other 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.