Media stories about Charter Communications (NASDAQ:CHTR) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Charter Communications earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.8283819504026 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
Shares of Charter Communications traded up $2.00, hitting $270.17, during mid-day trading on Friday, according to MarketBeat. 1,643,005 shares of the company’s stock were exchanged, compared to its average volume of 2,621,539. Charter Communications has a 52 week low of $250.10 and a 52 week high of $408.83. The stock has a market capitalization of $64.16 billion, a PE ratio of 101.95, a P/E/G ratio of 3.24 and a beta of 1.20. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 1.43.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The business had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. equities research analysts predict that Charter Communications will post 4 earnings per share for the current fiscal year.
Several research analysts have weighed in on the stock. KeyCorp assumed coverage on shares of Charter Communications in a report on Wednesday. They issued an “equal weight” rating on the stock. Macquarie reissued a “buy” rating on shares of Charter Communications in a report on Sunday, May 13th. Barclays reissued a “sell” rating and issued a $254.00 price target on shares of Charter Communications in a report on Monday, April 30th. Buckingham Research lowered their price target on shares of Charter Communications from $425.00 to $397.00 and set a “buy” rating on the stock in a report on Monday, April 30th. Finally, SunTrust Banks lowered their price target on shares of Charter Communications to $390.00 and set a “buy” rating on the stock in a report on Monday, April 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. Charter Communications presently has a consensus rating of “Hold” and a consensus price target of $388.82.
About Charter Communications
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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