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

Charter Communications (NASDAQ:CHTR) had its price objective raised by analysts at Barclays from $300.00 to $315.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 14.05% from the stock’s previous close.

Several other research firms also recently commented on CHTR. TD Cowen upped their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada assumed coverage on shares of Charter Communications in a research report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective for the company. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a report on Wednesday, September 11th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Rosenblatt Securities upped their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Four investment 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 data from MarketBeat, Charter Communications presently has a consensus rating of “Hold” and an average target price of $364.35.

Charter Communications Price Performance

NASDAQ:CHTR opened at $366.49 on Monday. Charter Communications has a one year low of $236.08 and a one year high of $424.86. The company has a market cap of $52.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.59 and a beta of 1.03. The firm’s fifty day moving average price is $333.06 and its two-hundred day moving average price is $312.37. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the prior year, the company posted $8.25 earnings per share. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. Equities analysts expect that Charter Communications will post 32.51 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC bought a new position in Charter Communications during the third quarter valued at about $26,000. CVA Family Office LLC grew its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new position in Charter Communications during the first quarter worth about $34,000. Grove Bank & Trust boosted its position in 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 purchasing an additional 34 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the period. 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.