Bank of America Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR - Free Report) had its price objective increased by Bank of America from $450.00 to $500.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also commented on CHTR. Wells Fargo & Company increased their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a report on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a report on Friday, June 20th. BNP Paribas reaffirmed an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a report on Friday, May 16th. Finally, Sanford C. Bernstein lowered shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research report on Monday, June 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $421.26.

Charter Communications Stock Down 1.2%

CHTR traded down $5.10 during midday trading on Tuesday, hitting $413.12. 311,644 shares of the company's stock traded hands, compared to its average volume of 1,297,616. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $57.98 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.44 and a beta of 1.08. The stock's fifty day simple moving average is $395.88 and its 200-day simple moving average is $368.45. Charter Communications has a one year low of $286.66 and a one year high of $437.06.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.55 EPS. As a group, equities analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of Charter Communications during the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. lifted its stake in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after purchasing an additional 77 shares during the period. SBI Securities Co. Ltd. grew its stake 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 valued at $31,000 after purchasing an additional 41 shares during the period. Strengthening Families & Communities LLC acquired a new position in shares of Charter Communications in the 1st quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after buying an additional 55 shares during the period. 81.76% of the stock is owned by 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.