Charter Communications (NASDAQ:CHTR) Upgraded at StockNews.com

by · The Cerbat Gem

Charter Communications (NASDAQ:CHTR – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Citigroup began coverage on Charter Communications in a research report on Friday. They issued a “buy” rating and a $425.00 target price for the company. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $388.37.

Read Our Latest Report on CHTR

Charter Communications Trading Up 0.1 %

CHTR stock traded up $0.37 during trading on Tuesday, reaching $354.45. 1,094,251 shares of the stock traded hands, compared to its average volume of 1,199,067. The business’s 50 day moving average price is $355.82 and its 200-day moving average price is $354.78. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $50.40 billion, a PE ratio of 10.14, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the prior year, the firm earned $7.07 earnings per share. As a group, sell-side analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. raised its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the period. Chemistry Wealth Management LLC raised its position in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares during the period. Jones Financial Companies Lllp raised its position in shares of Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares during the period. Quadrant Capital Group LLC raised its position in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock worth $254,000 after purchasing an additional 30 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in Charter Communications by 5.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after buying an additional 34 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

(Get Free Report)

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.

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