Charter Communications (NASDAQ:CHTR) Rating Increased to Neutral at BNP Paribas

BNP Paribas upgraded shares of Charter Communications (NASDAQ:CHTR) from an underperform rating to a neutral rating in a research report released on Tuesday, MarketBeat.com reports. The firm currently has $360.00 price objective on the stock.

CHTR has been the topic of a number of other reports. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a report on Wednesday, September 11th. Royal Bank of Canada boosted 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, November 4th. Rosenblatt Securities upped their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Finally, TD Cowen lifted their target price on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $378.00.

Charter Communications Stock Performance

Shares of Charter Communications stock opened at $396.96 on Tuesday. The firm has a fifty day moving average of $353.45 and a two-hundred day moving average of $329.20. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.62 and a beta of 1.03. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the company posted $8.25 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that Charter Communications will post 32.87 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Franklin Resources Inc. increased its holdings in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Tidal Investments LLC grew its position in shares of Charter Communications by 1.3% in the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company’s stock valued at $5,594,000 after acquiring an additional 229 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Charter Communications during the 3rd quarter worth about $165,000. Sanctuary Advisors LLC raised its holdings in shares of Charter Communications by 51.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,159 shares of the company’s stock valued at $1,996,000 after purchasing an additional 2,105 shares during the period. Finally, Virtu Financial LLC grew its holdings in Charter Communications by 262.6% during the third quarter. Virtu Financial LLC now owns 13,731 shares of the company’s stock worth $4,450,000 after purchasing an additional 9,944 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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.