Charter Communications (NASDAQ:CHTR) Stock Rating Upgraded by Arete Research

Charter Communications (NASDAQ:CHTR - Get Free Report) was upgraded by investment analysts at Arete Research to a "strong sell" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on CHTR. Citigroup upped their price objective on Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wolfe Research upgraded Charter Communications from an "underperform" rating to a "peer perform" rating in a research note on Friday, June 20th. Bank of America upped their target price on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Oppenheimer upgraded Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price for the company in a research note on Friday, May 16th. Finally, Morgan Stanley upped their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Charter Communications has an average rating of "Hold" and a consensus price target of $421.26.

Charter Communications Stock Down 0.5%

Shares of NASDAQ:CHTR opened at $401.58 on Tuesday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications has a 52-week low of $294.39 and a 52-week high of $437.06. The stock's fifty day simple moving average is $401.58 and its 200-day simple moving average is $370.79. The company has a market capitalization of $56.37 billion, a P/E ratio of 11.21, a P/E/G ratio of 0.44 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The company had revenue of $13.74 billion during the quarter, compared to analysts' expectations of $13.67 billion. During the same quarter in the prior year, the company earned $7.55 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently modified their holdings of the stock. SouthState Corp acquired a new stake in shares of Charter Communications in the first quarter valued at about $25,000. Salem Investment Counselors Inc. grew its stake in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock valued at $26,000 after buying an additional 61 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Charter Communications by 1,283.3% in 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 in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares in the last quarter. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications in the first quarter valued at about $33,000. Institutional investors and hedge funds own 81.76% of the company's stock.

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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