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

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price objective boosted by stock analysts at Loop Capital from $385.00 to $430.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Loop Capital's price target suggests a potential upside of 12.75% from the company's current price.

Several other analysts have also recently commented on the company. Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They set a "buy" rating and a $425.00 target price on the stock. Barclays boosted their price objective on Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Morgan Stanley upped their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price target on shares of Charter Communications in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Charter Communications presently has a consensus rating of "Hold" and a consensus price target of $396.41.

Charter Communications Stock Performance

Shares of CHTR traded up $7.74 on Monday, reaching $381.39. 333,198 shares of the stock traded hands, compared to its average volume of 1,245,851. The stock's 50-day moving average price is $355.36 and its 200-day moving average price is $358.85. The firm has a market cap of $54.14 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications has a 12 month low of $252.93 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter last year, the business earned $7.55 EPS. Equities analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds have recently made changes to their positions in the stock. Lind Value II ApS acquired a new position in Charter Communications in the fourth quarter valued at $9,743,000. Oddo BHF Asset Management Sas bought a new stake in shares of Charter Communications in the 3rd quarter valued at $1,345,000. Caprock Group LLC boosted its stake in Charter Communications by 39.7% during the fourth quarter. Caprock Group LLC now owns 3,517 shares of the company's stock worth $1,206,000 after acquiring an additional 999 shares in the last quarter. Franklin Resources Inc. grew its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Charter Communications by 17.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock valued at $11,132,000 after buying an additional 4,813 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.