Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating reissued by equities researchers at Pivotal Research in a report issued on Friday, October 27th, Marketbeat Ratings reports. They presently have a $420.00 price objective on the stock, up from their previous price objective of $405.00. Pivotal Research’s target price would suggest a potential upside of 24.70% from the company’s current price.
A number of other analysts also recently commented on CHTR. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Morgan Stanley boosted their target price on Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Wells Fargo & Company reiterated a “market perform” rating and set a $372.00 target price (up from $330.00) on shares of Charter Communications in a research report on Sunday, July 30th. Deutsche Bank AG restated a “buy” rating and issued a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Finally, restated a “hold” rating and issued a $360.00 price objective (up from $300.00) on shares of Charter Communications in a research report on Tuesday, August 1st. Thirteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Charter Communications currently has an average rating of “Buy” and an average price target of $378.12.
Shares of Charter Communications (NASDAQ:CHTR) opened at $336.81 on Friday. The firm has a market capitalization of $84,139.57, a P/E ratio of 210.21, a P/E/G ratio of 5.26 and a beta of 1.09. Charter Communications has a 52 week low of $258.63 and a 52 week high of $408.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts forecast that Charter Communications will post 2.77 EPS for the current year.
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In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the transaction, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter valued at $2,861,000. Zions Bancorporation increased its position in shares of Charter Communications by 3,933.3% during the 3rd quarter. Zions Bancorporation now owns 1,573 shares of the company’s stock valued at $572,000 after purchasing an additional 1,534 shares during the period. Caxton Associates LP acquired a new position in shares of Charter Communications during the 3rd quarter valued at $10,601,000. Vident Investment Advisory LLC increased its position in shares of Charter Communications by 21.1% during the 3rd quarter. Vident Investment Advisory LLC now owns 4,988 shares of the company’s stock valued at $1,813,000 after purchasing an additional 870 shares during the period. Finally, Claar Advisors LLC grew its holdings in shares of Charter Communications by 1.4% in the 3rd quarter. Claar Advisors LLC now owns 24,867 shares of the company’s stock worth $9,037,000 after acquiring an additional 350 shares during the last quarter. Institutional investors own 76.36% of the company’s stock.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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