Charter Communications (NASDAQ:CHTR) Upgraded at StockNews.com

Charter Communications (NASDAQ:CHTR - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Thursday.

Other equities analysts have also issued reports about the company. Wells Fargo & Company increased their price target on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday. Morgan Stanley raised their price objective on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday. Barclays raised their price objective 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 objective on shares of Charter Communications in a research note on Friday, January 31st. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $399.35.

Charter Communications Stock Performance

NASDAQ CHTR opened at $391.86 on Thursday. The firm has a market cap of $55.62 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. 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 business has a 50-day moving average price of $356.75 and a 200-day moving average price of $359.62. Charter Communications has a twelve month low of $253.91 and a twelve month high of $415.27.

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). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the previous year, the company posted $7.55 earnings per share. Charter Communications's quarterly revenue was up .4% on a year-over-year basis. As a group, equities research analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds have recently added to or reduced their stakes in CHTR. ST Germain D J Co. Inc. lifted its stake in 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 worth $31,000 after acquiring an additional 77 shares during the period. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC acquired a new position in Charter Communications in the 4th quarter worth approximately $32,000. Generali Asset Management SPA SGR acquired a new position in Charter Communications in the 4th quarter worth approximately $36,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of 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 period. 81.76% of the stock is owned by hedge funds and other 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.

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