Charter Communications Inc (NASDAQ:CHTR) has earned a consensus recommendation of “Buy” from the twenty-one ratings firms that are presently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $429.44.
A number of brokerages have commented on CHTR. Rosenblatt Securities restated a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a research note on Monday, July 29th. Bank of America restated a “buy” rating and issued a $450.00 target price (up from $425.00) on shares of Charter Communications in a research note on Tuesday, July 30th. TD Securities decreased their target price on Charter Communications from $460.00 to $450.00 and set a “hold” rating for the company in a research note on Monday, July 29th. Macquarie began coverage on Charter Communications in a research note on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Finally, Benchmark set a $422.00 target price on Charter Communications and gave the company a “hold” rating in a research note on Monday, August 26th.
Charter Communications stock traded up $2.29 during midday trading on Friday, hitting $429.22. The stock had a trading volume of 5,211 shares, compared to its average volume of 1,216,169. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.67. The stock has a market cap of $94.81 billion, a P/E ratio of 82.27, a P/E/G ratio of 1.54 and a beta of 1.21. Charter Communications has a 12 month low of $272.91 and a 12 month high of $432.16. The business has a fifty day moving average price of $415.07 and a 200 day moving average price of $389.53.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 3.04% and a return on equity of 3.08%. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.40 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The business’s revenue was up 4.5% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications will post 6.6 EPS for the current fiscal year.
In other news, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 directly owns 11,773 shares in the company, valued at $4,588,879.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Charter Communications by 0.6% in the second quarter. Vanguard Group Inc. now owns 12,278,062 shares of the company’s stock worth $4,852,045,000 after acquiring an additional 78,800 shares in the last quarter. Invesco Ltd. increased its position in shares of Charter Communications by 1.4% in the second quarter. Invesco Ltd. now owns 4,243,402 shares of the company’s stock valued at $1,676,908,000 after buying an additional 58,473 shares in the last quarter. Longview Partners Guernsey LTD increased its position in shares of Charter Communications by 13.3% in the second quarter. Longview Partners Guernsey LTD now owns 3,238,400 shares of the company’s stock valued at $1,279,751,000 after buying an additional 381,226 shares in the last quarter. Egerton Capital UK LLP increased its position in shares of Charter Communications by 1.5% in the second quarter. Egerton Capital UK LLP now owns 2,889,662 shares of the company’s stock valued at $1,141,937,000 after buying an additional 42,802 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Charter Communications by 0.9% in the second quarter. Northern Trust Corp now owns 2,000,210 shares of the company’s stock worth $790,444,000 after acquiring an additional 16,961 shares during the last quarter. Institutional investors and hedge funds own 72.32% 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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