Wolfe Research Upgrades Charter Communications (NASDAQ:CHTR) to "Peer Perform"

Charter Communications (NASDAQ:CHTR - Get Free Report) was upgraded by equities research analysts at Wolfe Research from an "underperform" rating to a "peer perform" rating in a research note issued on Friday,Finviz reports.

A number of other research analysts have also recently issued reports on the company. Wells Fargo & Company raised their price objective on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. Sanford C. Bernstein downgraded shares of Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 price target for the company. in a research report on Monday, June 2nd. Raymond James Financial upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research note on Monday, May 19th. Royal Bank Of Canada lifted their target price on shares of Charter Communications from $385.00 to $395.00 and gave the company a "sector perform" rating in a research note on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Three 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.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $410.20.

Charter Communications Stock Up 1.0%

Shares of CHTR opened at $377.43 on Friday. Charter Communications has a 12 month low of $277.10 and a 12 month high of $437.06. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.54. The stock's 50-day moving average price is $385.45 and its two-hundred day moving average price is $367.94. The company has a market capitalization of $52.98 billion, a PE ratio of 10.53, a PEG ratio of 0.41 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 27.70% and a net margin of 9.42%. The company had revenue of $13.74 billion for the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the prior year, the firm posted $7.55 earnings per share. The business's revenue for the quarter was up .4% on a year-over-year basis. On average, analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of CHTR. Vanguard Group Inc. grew its stake in Charter Communications by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company's stock valued at $3,018,909,000 after acquiring an additional 120,303 shares in the last quarter. Norges Bank acquired a new stake in Charter Communications in the 4th quarter worth approximately $1,032,236,000. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after buying an additional 45,045 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Charter Communications by 53.6% during the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after buying an additional 806,145 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Charter Communications by 7.0% during the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company's stock worth $676,181,000 after buying an additional 120,624 shares during the last quarter. 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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