Charter Communications (CHTR) Price Target Lowered to $383.00 at Buckingham Research

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Charter Communications (NASDAQ:CHTR) had its target price cut by research analysts at Buckingham Research from $418.00 to $383.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. Buckingham Research’s price target suggests a potential upside of 21.12% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Pivotal Research raised their price objective on Charter Communications from $375.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Citigroup cut their price objective on Charter Communications from $410.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Macquarie restated a “buy” rating and issued a $355.00 price objective on shares of Charter Communications in a report on Wednesday, August 1st. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $360.00 price objective on the stock in a report on Monday, October 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $360.13.

Charter Communications stock opened at $316.22 on Monday. The stock has a market capitalization of $68.40 billion, a PE ratio of 119.33, a PEG ratio of 1.78 and a beta of 1.20. The company has a current ratio of 0.23, a quick ratio of 0.20 and a debt-to-equity ratio of 1.53. Charter Communications has a 12 month low of $250.10 and a 12 month high of $396.64.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, October 26th. The company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $1.06. The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS. On average, equities analysts forecast that Charter Communications will post 4.35 earnings per share for the current fiscal year.

In related news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total transaction of $622,988.52. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

Several large investors have recently made changes to their positions in CHTR. LFA Lugano Financial Advisors SA grew its stake in Charter Communications by 20.1% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 1,324 shares of the company’s stock valued at $431,000 after purchasing an additional 222 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Charter Communications by 0.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 33,881 shares of the company’s stock valued at $9,934,000 after purchasing an additional 232 shares in the last quarter. Advisory Services Network LLC grew its stake in Charter Communications by 76.3% during the 2nd quarter. Advisory Services Network LLC now owns 543 shares of the company’s stock valued at $156,000 after purchasing an additional 235 shares in the last quarter. Sun Life Financial INC grew its stake in Charter Communications by 89.8% during the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after purchasing an additional 237 shares in the last quarter. Finally, Kaizen Advisory LLC grew its stake in Charter Communications by 122.7% during the 2nd quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock valued at $127,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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