Royal Bank of Canada Raises Charter Communications (NASDAQ:CHTR) Price Target to $395.00

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price target lifted by analysts at Royal Bank of Canada from $385.00 to $395.00 in a research note issued on Monday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank of Canada's target price suggests a potential upside of 4.59% from the stock's previous close.

A number of other analysts have also recently weighed in on CHTR. StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Loop Capital raised their target price on Charter Communications from $385.00 to $430.00 and gave the stock a "hold" rating in a research report on Monday. Morgan Stanley increased their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Citigroup initiated coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price objective on the stock. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $398.18.

Charter Communications Price Performance

NASDAQ:CHTR traded up $4.01 during midday trading on Monday, hitting $377.66. 755,746 shares of the stock were exchanged, compared to its average volume of 1,247,326. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The business has a 50-day moving average price of $355.36 and a two-hundred day moving average price of $358.85. Charter Communications has a one year low of $252.93 and a one year high of $415.27. The company has a market capitalization of $53.61 billion, a price-to-earnings ratio of 10.81, a P/E/G 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 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates 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 last year, the business earned $7.55 EPS. Sell-side analysts predict that Charter Communications will post 38.16 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Lind Value II ApS acquired a new position in Charter Communications in the 4th quarter valued at approximately $9,743,000. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications in the third quarter valued at approximately $1,345,000. Caprock Group LLC lifted its stake in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company's stock valued at $1,206,000 after acquiring an additional 999 shares in the last quarter. Franklin Resources Inc. grew its position in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position 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 acquiring an additional 4,813 shares during the last quarter. 81.76% of the stock is 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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