Benchmark Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its price objective upped by Benchmark from $440.00 to $450.00 in a report published on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on CHTR. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday. Wolfe Research lowered shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Royal Bank of Canada upped their target price on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Performance

NASDAQ CHTR opened at $382.38 on Tuesday. Charter Communications has a 12-month low of $236.08 and a 12-month high of $422.92. The firm has a 50-day moving average price of $333.90 and a two-hundred day moving average price of $314.01. The company has a market capitalization of $54.58 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.66 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.25 earnings per share. Analysts anticipate that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. Plato Investment Management Ltd raised its position in shares of Charter Communications by 1,706.6% during the third quarter. Plato Investment Management Ltd now owns 1,102 shares of the company’s stock worth $357,000 after acquiring an additional 1,041 shares during the last quarter. ICICI Prudential Asset Management Co Ltd raised its holdings in Charter Communications by 17.8% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 1,863 shares of the company’s stock worth $604,000 after purchasing an additional 281 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of Charter Communications in the 3rd quarter worth approximately $210,000. Aptus Capital Advisors LLC boosted its stake in shares of Charter Communications by 62.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 1,131 shares of the company’s stock valued at $367,000 after purchasing an additional 433 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in Charter Communications during the third quarter worth $219,000. 81.76% of the stock is currently 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.