Charter Communications (NASDAQ:CHTR - Get Free Report) had its price objective boosted by Barclays from $320.00 to $341.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "underweight" rating on the stock. Barclays's price objective indicates a potential downside of 11.10% from the company's previous close.
Several other brokerages also recently commented on CHTR. Arete Research raised shares of Charter Communications to a "strong sell" rating in a research note on Tuesday, July 8th. Citigroup lifted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research note on Monday, April 28th. Raymond James Financial raised shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Morgan Stanley lifted their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Finally, Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $422.37.
Read Our Latest Research Report on CHTR
Charter Communications Trading Up 1.0%
Shares of CHTR traded up $3.94 during mid-day trading on Monday, reaching $383.56. The company's stock had a trading volume of 1,544,875 shares, compared to its average volume of 1,267,104. The stock has a market cap of $53.84 billion, a PE ratio of 10.70, a P/E/G ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications has a 52 week low of $304.76 and a 52 week high of $437.06. The company's fifty day moving average price is $400.54 and its two-hundred day moving average price is $372.10.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The company's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.55 earnings per share. On average, analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.
Institutional Trading of Charter Communications
Hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. grew its position in shares of Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock worth $26,000 after buying an additional 61 shares during the period. SouthState Corp purchased a new stake in shares of Charter Communications in the 1st quarter worth about $25,000. ST Germain D J Co. Inc. grew its position in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after buying an additional 41 shares during the period. Finally, Strengthening Families & Communities LLC purchased a new stake in shares of Charter Communications in the 1st quarter worth about $33,000. 81.76% of the stock is owned by hedge funds and other institutional investors.
Charter Communications Company Profile
(
Get Free Report)
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.
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