Charter Communications (NASDAQ:CHTR) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Charter Communications (NASDAQ:CHTR) from a sell rating to a hold rating in a report issued on Tuesday, BidAskClub reports.

Several other equities analysts also recently commented on the stock. Cowen increased their price objective on shares of Charter Communications from $413.00 to $433.00 and gave the company an in-line rating in a research note on Monday, July 29th. Rosenblatt Securities reissued a buy rating and issued a $480.00 price objective on shares of Charter Communications in a research note on Monday, July 29th. Macquarie initiated coverage on shares of Charter Communications in a research note on Wednesday, June 19th. They issued a hold rating and a $390.00 price objective for the company. Raymond James increased their price objective on shares of Charter Communications from $435.00 to $460.00 and gave the company a strong-buy rating in a research note on Monday, July 29th. Finally, ValuEngine downgraded shares of Charter Communications from a buy rating to a hold rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $416.06.

Shares of NASDAQ:CHTR opened at $391.25 on Tuesday. The company has a market cap of $86.72 billion, a price-to-earnings ratio of 74.95, a PEG ratio of 1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a 50 day simple moving average of $395.57 and a 200 day simple moving average of $372.98. Charter Communications has a one year low of $272.91 and a one year high of $417.13.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. Charter Communications’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. As a group, analysts expect that Charter Communications will post 6.91 EPS for the current year.

In other Charter Communications news, Director Lance Conn sold 927 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now directly owns 9,552 shares in the company, valued at approximately $3,820,800. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $389.78, for a total transaction of $389,780.00. Following the completion of the transaction, the director now owns 11,773 shares of the company’s stock, valued at $4,588,879.94. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Charter Communications during the second quarter worth $34,000. Rational Advisors LLC increased its position in shares of Charter Communications by 230.3% during the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after buying an additional 76 shares during the period. TCG Advisors LP acquired a new stake in shares of Charter Communications during the first quarter worth $42,000. Ibex Wealth Advisors acquired a new stake in shares of Charter Communications during the second quarter worth $49,000. Finally, Whitener Capital Management Inc. increased its position in shares of Charter Communications by 70.5% during the first quarter. Whitener Capital Management Inc. now owns 179 shares of the company’s stock worth $62,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 72.14% 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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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