Charter Communications (NASDAQ:CHTR) had its price target upped by Cowen from $337.00 to $357.00 in a research note issued to investors on Friday, The Fly reports. Cowen currently has an outperform rating on the stock.
Several other brokerages have also recently weighed in on CHTR. ValuEngine upgraded shares of Charter Communications from a sell rating to a hold rating in a research note on Wednesday, September 12th. BidaskClub upgraded shares of Charter Communications from a hold rating to a buy rating in a research note on Wednesday, October 17th. Barclays set a $259.00 price objective on shares of Charter Communications and gave the stock a sell rating in a research note on Wednesday, October 10th. UBS Group dropped their price objective on shares of Charter Communications from $390.00 to $370.00 and set a buy rating for the company in a research note on Monday, October 29th. Finally, Macquarie reiterated a buy rating and issued a $355.00 price objective on shares of Charter Communications in a research note on Wednesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Charter Communications currently has a consensus rating of Buy and an average target price of $359.94.
Charter Communications stock traded down $11.08 during midday trading on Friday, hitting $315.70. The company’s stock had a trading volume of 1,135,577 shares, compared to its average volume of 1,090,314. Charter Communications has a 1-year low of $250.10 and a 1-year high of $396.64. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $74.81 billion, a price-to-earnings ratio of 119.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The business had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue was up 4.1% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications will post 5.58 earnings per share for the current fiscal year.
In other Charter Communications news, insider John Bickham sold 144,672 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.83% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in CHTR. Chicago Partners Investment Group LLC grew its holdings in shares of Charter Communications by 254.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock valued at $101,000 after purchasing an additional 247 shares during the last quarter. Vigilant Capital Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $106,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Charter Communications during the 3rd quarter valued at approximately $109,000. Flagship Harbor Advisors LLC bought a new stake in shares of Charter Communications during the 2nd quarter valued at approximately $129,000. Finally, Sun Life Financial INC grew its holdings in shares of Charter Communications by 89.8% during the 2nd quarter. Sun Life Financial INC now owns 501 shares of the company’s stock valued at $147,000 after purchasing an additional 237 shares during the last quarter. 71.97% of the stock is currently owned by institutional investors.
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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