UBS Group Raises Charter Communications (NASDAQ:CHTR) Price Target to $425.00

Charter Communications (NASDAQ:CHTR - Get Free Report) had its target price raised by equities research analysts at UBS Group from $400.00 to $425.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 10.00% from the company's previous close.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein downgraded Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price objective for the company. in a report on Monday, June 2nd. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Morgan Stanley increased their price target on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th. Citigroup increased their price target on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Finally, Loop Capital raised Charter Communications from a "hold" rating to a "buy" rating and increased their price target for the company from $430.00 to $510.00 in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $410.20.

Charter Communications Stock Up 2.4%

Shares of NASDAQ:CHTR traded up $8.94 during mid-day trading on Wednesday, reaching $386.37. 1,981,303 shares of the stock were exchanged, compared to its average volume of 1,284,049. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The company has a market cap of $54.23 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.42 and a beta of 1.07. Charter Communications has a one year low of $282.18 and a one year high of $437.06. The stock's 50 day simple moving average is $386.49 and its 200-day simple moving average is $367.62.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The firm had revenue of $13.74 billion for 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 firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.55 earnings per share. As a group, equities research analysts predict that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

A number of hedge funds have recently made changes to their positions in the business. Gamco Investors INC. ET AL lifted its holdings in Charter Communications by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,128 shares of the company's stock worth $1,153,000 after purchasing an additional 25 shares during the last quarter. Allworth Financial LP lifted its holdings in Charter Communications by 10.5% during the 1st quarter. Allworth Financial LP now owns 283 shares of the company's stock worth $104,000 after purchasing an additional 27 shares during the last quarter. Hemington Wealth Management lifted its holdings in Charter Communications by 24.3% during the 1st quarter. Hemington Wealth Management now owns 143 shares of the company's stock worth $52,000 after purchasing an additional 28 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Charter Communications by 1.1% during the 1st quarter. Brown Advisory Inc. now owns 2,704 shares of the company's stock worth $997,000 after purchasing an additional 29 shares during the last quarter. 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.