Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Citigroup Analyst Says

Charter Communications (NASDAQ:CHTR - Free Report) had its price objective upped by Citigroup from $425.00 to $445.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. BNP Paribas reissued an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Royal Bank of Canada raised their target price on Charter Communications from $385.00 to $395.00 and gave the stock a "sector perform" rating in a research note on Monday. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Loop Capital lifted their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a research report on Monday. Finally, StockNews.com upgraded Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. Five analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of "Hold" and an average target price of $399.35.

Charter Communications Trading Down 2.3 %

Shares of CHTR traded down $8.86 during trading hours on Monday, hitting $383.00. The company had a trading volume of 1,442,758 shares, compared to its average volume of 1,253,302. Charter Communications has a 52-week low of $260.03 and a 52-week high of $415.27. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock's 50 day moving average price is $357.09 and its 200 day moving average price is $359.97. The firm has a market cap of $54.37 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. Charter Communications's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $7.55 earnings per share. On average, research analysts predict that Charter Communications will post 38.16 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CHTR. Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after purchasing an additional 45 shares in the last quarter. ST Germain D J Co. Inc. raised 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 valued at $31,000 after buying an additional 77 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter worth $32,000. Generali Asset Management SPA SGR purchased a new stake in shares of Charter Communications in the fourth quarter worth $36,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock valued at $36,000 after acquiring an additional 29 shares in 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.