An issue of Charter Communications, Inc. (NASDAQ:CHTR) bonds rose 1.5% against their face value during trading on Wednesday. The high-yield debt issue has a 5.375% coupon and will mature on May 1, 2047. The debt is now trading at $103.56 and was trading at $102.59 one week ago. Price moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Co reiterated a “market perform” rating and set a $359.00 price objective (up previously from $340.00) on shares of Charter Communications in a research note on Thursday, January 4th. Moffett Nathanson restated a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Guggenheim upgraded Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub upgraded Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. Charter Communications currently has a consensus rating of “Hold” and an average price target of $382.53.
Charter Communications, Inc. (NASDAQ:CHTR) opened at $371.18 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $93,788.13 and a price-to-earnings ratio of 125.82. Charter Communications, Inc. has a 12-month low of $308.30 and a 12-month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. sell-side analysts forecast that Charter Communications, Inc. will post 2.09 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CHTR. Huntington National Bank bought a new position in Charter Communications during the 3rd quarter worth $128,000. Northwestern Mutual Wealth Management Co. boosted its stake in Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after buying an additional 214 shares in the last quarter. CLS Investments LLC boosted its stake in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after buying an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Charter Communications in the third quarter valued at about $180,000. Finally, Quadrant Capital Group LLC boosted its stake in Charter Communications by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 72.13% of the company’s stock.
WARNING: “Charter Communications (CHTR) Bonds Trading 1.5% Higher” was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/02/charter-communications-chtr-bonds-trading-1-5-higher.html.
Charter Communications Company Profile
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.
Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.