Charter Communications (NASDAQ:CHTR) Price Target Raised to $450.00

Charter Communications (NASDAQ:CHTR) had its target price lifted by Benchmark from $440.00 to $450.00 in a research note released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on CHTR. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a research report on Monday. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Barclays increased their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday. Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Royal Bank of Canada increased their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Trading Down 3.7 %

Shares of CHTR stock opened at $393.04 on Tuesday. The company has a market capitalization of $56.10 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.68 and a beta of 1.03. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. The business’s 50 day moving average is $334.95 and its two-hundred day moving average is $314.67. Charter Communications has a twelve month low of $236.08 and a twelve month high of $421.16.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm posted $8.25 EPS. Equities analysts forecast that Charter Communications will post 32.49 EPS for the current year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the 3rd quarter worth about $28,000. CVA Family Office LLC increased 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 valued at $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications during the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust boosted its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.