Argus reiterated their buy rating on shares of Charter Communications (NASDAQ:CHTR) in a research note published on Wednesday morning. Argus currently has a $450.00 target price on the stock.
A number of other research analysts have also commented on CHTR. Pivotal Research reiterated a buy rating and issued a $420.00 price objective (up from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. SunTrust Banks reiterated a buy rating and issued a $380.00 price objective on shares of Charter Communications in a research report on Friday, October 27th. Barclays decreased their price objective on Charter Communications from $354.00 to $283.00 and set an equal weight rating on the stock in a research report on Friday, October 27th. Macquarie reiterated a buy rating on shares of Charter Communications in a research report on Sunday, October 29th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $400.00 price objective on shares of Charter Communications in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $403.47.
Charter Communications (NASDAQ CHTR) opened at $360.97 on Wednesday. The company has a market capitalization of $85,568.80, a price-to-earnings ratio of 167.65, a price-to-earnings-growth ratio of 3.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. Charter Communications has a 12-month low of $308.30 and a 12-month high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 2nd. The company reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.60 billion. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. equities research analysts predict that Charter Communications will post 4.55 earnings per share for the current fiscal year.
In other news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now directly owns 34,931 shares in the company, valued at approximately $12,741,431.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Parametrica Management Ltd bought a new position in Charter Communications during the third quarter worth about $226,000. Selz Capital LLC bought a new position in Charter Communications during the fourth quarter worth about $14,446,000. Commerzbank Aktiengesellschaft FI lifted its holdings in Charter Communications by 25.7% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock worth $4,824,000 after acquiring an additional 2,711 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Charter Communications by 3.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,564 shares of the company’s stock worth $11,834,000 after acquiring an additional 1,140 shares in the last quarter. Finally, Dai Ichi Life Insurance Company Ltd lifted its holdings in Charter Communications by 22.1% during the third quarter. Dai Ichi Life Insurance Company Ltd now owns 27,233 shares of the company’s stock worth $9,897,000 after acquiring an additional 4,938 shares in the last quarter. Hedge funds and other institutional investors own 73.29% of the company’s stock.
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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.
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