Citigroup Increases Charter Communications (NASDAQ:CHTR) Price Target to $350.00

Charter Communications (NASDAQ:CHTR) had its target price increased by Citigroup from $255.00 to $350.00 in a report released on Wednesday morning, Benzinga reports. Citigroup currently has a sell rating on the stock.

CHTR has been the topic of several other reports. Barclays boosted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the company an underweight rating in a research report on Monday, July 29th. Bank of America boosted their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the company a neutral rating in a research report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the company a hold rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $260.00 to $350.00 and gave the company an equal weight rating in a research report on Monday, July 29th. Finally, Loop Capital cut their price objective on shares of Charter Communications from $335.00 to $285.00 and set a hold rating on the stock in a research report on Monday, April 29th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $360.93.

Charter Communications Trading Down 1.0 %

Shares of NASDAQ CHTR opened at $373.16 on Wednesday. The company’s fifty day moving average is $303.49 and its 200-day moving average is $296.04. The stock has a market cap of $53.26 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.70 and a beta of 1.04. Charter Communications has a twelve month low of $236.08 and a twelve month high of $458.30. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $8.05 earnings per share. Equities research analysts predict that Charter Communications will post 32.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CHTR. UMB Bank n.a. grew its position in shares of Charter Communications by 59.3% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the company’s stock worth $204,000 after purchasing an additional 195 shares in the last quarter. Trust Point Inc. acquired a new stake in Charter Communications in the fourth quarter valued at approximately $489,000. Ballentine Partners LLC boosted its position in Charter Communications by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 1,595 shares of the company’s stock valued at $620,000 after buying an additional 57 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in Charter Communications in the fourth quarter valued at approximately $589,000. Finally, International Assets Investment Management LLC acquired a new stake in Charter Communications in the fourth quarter valued at approximately $362,570,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.