Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price objective boosted by equities researchers at Wells Fargo & Company from $380.00 to $400.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price points to a potential upside of 4.73% from the stock's previous close.

A number of other brokerages have also commented on CHTR. Royal Bank of Canada boosted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Benchmark reaffirmed a "buy" rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. Finally, Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a "buy" rating and a $425.00 price target on the stock. 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $397.59.

Charter Communications Trading Up 2.2 %

Shares of CHTR stock traded up $8.29 during mid-day trading on Monday, reaching $381.94. The company's stock had a trading volume of 451,558 shares, compared to its average volume of 1,246,226. The company's 50 day simple moving average is $355.36 and its 200-day simple moving average is $358.85. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12-month low of $252.93 and a 12-month high of $415.27. The firm has a market capitalization of $54.22 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate 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%. During the same period in the previous year, the company earned $7.55 EPS. On average, research analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds have recently bought and sold shares of the company. ST Germain D J Co. Inc. raised its stake in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after acquiring an additional 77 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications during the fourth quarter valued at approximately $32,000. Generali Asset Management SPA SGR bought a new stake in Charter Communications during the fourth quarter worth approximately $36,000. Finally, Brown Brothers Harriman & Co. lifted its position in Charter Communications by 37.7% in the fourth 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 period. 81.76% of the stock is currently 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.

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