BidaskClub upgraded shares of Charter Communications (NASDAQ:CHTR) from a buy rating to a strong-buy rating in a report issued on Friday.
A number of other brokerages also recently commented on CHTR. Raymond James reduced their price target on Charter Communications from $400.00 to $365.00 and set a strong-buy rating for the company in a report on Wednesday. Zacks Investment Research downgraded Charter Communications from a hold rating to a sell rating in a report on Tuesday, October 9th. Citigroup reduced their target price on Charter Communications from $375.00 to $370.00 and set a buy rating on the stock in a report on Thursday. Barclays set a $259.00 target price on Charter Communications and gave the stock a sell rating in a report on Wednesday, October 10th. Finally, ValuEngine raised Charter Communications from a sell rating to a hold rating in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. Charter Communications currently has an average rating of Buy and a consensus target price of $360.13.
CHTR traded down $6.71 on Friday, reaching $317.87. The company’s stock had a trading volume of 1,369,562 shares, compared to its average volume of 1,583,249. The company has a market capitalization of $73.70 billion, a P/E ratio of 119.95, a P/E/G ratio of 1.62 and a beta of 1.15. Charter Communications has a 1 year low of $250.10 and a 1 year high of $396.64. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.20 and a current ratio of 0.23.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $1.06. The firm had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.93 billion. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. Charter Communications’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities research analysts forecast that Charter Communications will post 5.17 earnings per share for the current fiscal year.
In other Charter Communications news, insider John Bickham sold 144,672 shares of the stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total transaction of $46,687,101.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.83% of the company’s stock.
Several institutional investors have recently made changes to their positions in CHTR. CIBC World Markets Inc. acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $475,000. Principal Financial Group Inc. raised its position in shares of Charter Communications by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 306,252 shares of the company’s stock worth $95,312,000 after purchasing an additional 6,041 shares during the period. IFM Investors Pty Ltd raised its position in shares of Charter Communications by 31.0% during the 2nd quarter. IFM Investors Pty Ltd now owns 7,624 shares of the company’s stock worth $2,235,000 after purchasing an additional 1,806 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Charter Communications during the 2nd quarter worth approximately $1,384,000. Finally, Caledonia Investments PLC raised its position in shares of Charter Communications by 48.2% during the 2nd quarter. Caledonia Investments PLC now owns 103,000 shares of the company’s stock worth $30,201,000 after purchasing an additional 33,500 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.
Charter Communications Company Profile
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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