Charter Communications (NASDAQ:CHTR) PT Raised to $350.00 at Wells Fargo & Company

Charter Communications (NASDAQ:CHTR) had its price target lifted by equities research analysts at Wells Fargo & Company from $260.00 to $350.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential downside of 4.66% from the company’s previous close.

CHTR has been the subject of several other reports. Rosenblatt Securities upped their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday. The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target for the company. Bank of America increased their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Citigroup lowered shares of Charter Communications from a “neutral” rating to a “sell” rating and reduced their target price for the company from $280.00 to $255.00 in a research note on Wednesday, July 3rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $348.27.

Charter Communications Stock Performance

CHTR traded down $0.51 during trading hours on Monday, hitting $367.11. 99,019 shares of the stock were exchanged, compared to its average volume of 1,463,831. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.64 and a beta of 1.04. The stock has a 50-day simple moving average of $292.90 and a 200-day simple moving average of $295.14. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.40. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same period last year, the firm posted $8.05 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that Charter Communications will post 30.5 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. Wetzel Investment Advisors Inc. bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $25,000. CVA Family Office LLC boosted its stake in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications in the 1st quarter worth $34,000. Riverview Trust Co purchased a new stake in shares of Charter Communications during the first quarter valued at $40,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at $44,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.