Charter Communications (NASDAQ:CHTR) had its target price hoisted by analysts at Nomura from $420.00 to $470.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The firm presently has a “neutral” rating on the stock. Nomura’s target price would indicate a potential downside of 6.67% from the company’s current price.
Other research analysts have also issued reports about the company. Morgan Stanley lowered Charter Communications from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $500.00 to $540.00 in a research report on Thursday, January 16th. Pivotal Research lifted their target price on Charter Communications from $500.00 to $600.00 in a research report on Friday, October 25th. TD Securities lifted their target price on Charter Communications from $490.00 to $495.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Credit Suisse Group boosted their price target on shares of Charter Communications from $400.00 to $430.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, KeyCorp boosted their price target on shares of Charter Communications from $515.00 to $576.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $470.09.
NASDAQ CHTR opened at $503.59 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 1.76. The stock has a market cap of $107.98 billion, a PE ratio of 91.07, a P/E/G ratio of 0.98 and a beta of 1.19. The stock has a fifty day simple moving average of $485.79 and a 200-day simple moving average of $440.14. Charter Communications has a twelve month low of $279.33 and a twelve month high of $517.07.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, October 25th. The company reported $1.74 EPS for the quarter, topping the consensus estimate of $1.66 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.42 billion. Charter Communications had a net margin of 2.76% and a return on equity of 2.91%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 EPS. Research analysts predict that Charter Communications will post 6.89 EPS for the current year.
In related news, Director Lance Conn sold 1,000 shares of Charter Communications stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $460.87, for a total transaction of $460,870.00. Following the transaction, the director now directly owns 7,552 shares of the company’s stock, valued at $3,480,490.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $474.47, for a total transaction of $569,364.00. Following the completion of the sale, the director now owns 9,276 shares of the company’s stock, valued at approximately $4,401,183.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,434 shares of company stock valued at $2,103,797. Corporate insiders own 0.84% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. NEXT Financial Group Inc lifted its position in shares of Charter Communications by 247.6% during the 4th quarter. NEXT Financial Group Inc now owns 1,175 shares of the company’s stock valued at $570,000 after acquiring an additional 837 shares during the period. Mission Wealth Management LP grew its stake in shares of Charter Communications by 4.6% in the fourth quarter. Mission Wealth Management LP now owns 928 shares of the company’s stock worth $450,000 after acquiring an additional 41 shares during the last quarter. OLD Second National Bank of Aurora boosted its position in shares of Charter Communications by 215.8% during the fourth quarter. OLD Second National Bank of Aurora now owns 120 shares of the company’s stock valued at $58,000 after buying an additional 82 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in Charter Communications by 23.0% in the fourth quarter. Wealthfront Advisers LLC now owns 10,548 shares of the company’s stock valued at $5,117,000 after acquiring an additional 1,975 shares during the period. Finally, OTA Financial Group L.P. purchased a new stake in Charter Communications in the fourth quarter worth about $7,927,000. Institutional investors and hedge funds own 72.75% 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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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