Headlines about Charter Communications (NASDAQ:CHTR) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Charter Communications earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.0320131089928 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
A number of research analysts have recently commented on the company. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada reiterated a “buy” rating and issued a $400.00 price target on shares of Charter Communications in a report on Thursday, November 2nd. Macquarie reiterated a “buy” rating on shares of Charter Communications in a report on Sunday, October 29th. Barclays PLC lowered their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $380.00 price target on shares of Charter Communications in a report on Friday, October 27th. Thirteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $378.12.
Shares of Charter Communications (NASDAQ:CHTR) traded down $2.76 during mid-day trading on Friday, hitting $338.44. The stock had a trading volume of 870,100 shares, compared to its average volume of 1,680,903. The firm has a market capitalization of $84,825.73, a P/E ratio of 211.93, a PEG ratio of 5.30 and a beta of 1.09. 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 has a 1-year low of $258.63 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The business had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. sell-side analysts forecast that Charter Communications will post 2.77 earnings per share for the current year.
In other Charter Communications news, CFO Christopher L. Winfrey purchased 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.56% of the company’s stock.
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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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