Goldman Sachs Group upgraded shares of Charter Communications (NASDAQ:CHTR) from a neutral rating to a buy rating in a research report report published on Thursday.
A number of other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Charter Communications from a hold rating to a sell rating in a research report on Tuesday, March 20th. Robert W. Baird restated a hold rating and set a $335.00 price target on shares of Charter Communications in a research report on Monday, April 2nd. ValuEngine downgraded shares of Charter Communications from a hold rating to a sell rating in a research report on Friday, April 27th. BidaskClub downgraded shares of Charter Communications from a sell rating to a strong sell rating in a research report on Friday, March 2nd. Finally, Cowen initiated coverage on shares of Charter Communications in a research report on Monday, March 26th. They set an outperform rating on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. Charter Communications has an average rating of Buy and an average target price of $376.89.
Charter Communications stock opened at $293.21 on Thursday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 1.43. The stock has a market cap of $69.63 billion, a price-to-earnings ratio of 129.17, a PEG ratio of 3.49 and a beta of 1.16. Charter Communications has a 52-week low of $250.10 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The company had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the previous year, the firm earned $0.57 EPS. Charter Communications’s revenue was up 4.9% on a year-over-year basis. equities analysts forecast that Charter Communications will post 4 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Farallon Capital Management LLC raised its holdings in shares of Charter Communications by 70.3% in the 1st quarter. Farallon Capital Management LLC now owns 789,581 shares of the company’s stock worth $245,733,000 after purchasing an additional 325,956 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Charter Communications by 19,345.8% in the 1st quarter. Summit Trail Advisors LLC now owns 292,659 shares of the company’s stock worth $293,000 after purchasing an additional 291,154 shares in the last quarter. Hengistbury Investment Partners LLP raised its holdings in shares of Charter Communications by 158.7% in the 4th quarter. Hengistbury Investment Partners LLP now owns 379,288 shares of the company’s stock worth $127,426,000 after purchasing an additional 232,650 shares in the last quarter. Coatue Management LLC bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $74,945,000. Finally, Brown Advisory Inc. raised its holdings in shares of Charter Communications by 25.5% in the 1st quarter. Brown Advisory Inc. now owns 966,921 shares of the company’s stock worth $300,925,000 after purchasing an additional 196,229 shares in the last quarter. Institutional investors and hedge funds own 69.19% of the company’s stock.
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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