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

Charter Communications (NASDAQ:CHTR - Get Free Report) was upgraded by Wolfe Research from an "underperform" rating to a "peer perform" rating in a report released on Friday, Marketbeat reports.

Other research analysts have also issued research reports about the stock. Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and increased their price target for the stock from $430.00 to $510.00 in a research note on Monday, May 19th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Royal Bank Of Canada raised 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. UBS Group raised their price target on shares of Charter Communications from $400.00 to $425.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research report on Monday, April 28th. Three 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $410.20.

Charter Communications Stock Up 1.6%

Shares of CHTR traded up $6.21 during mid-day trading on Friday, hitting $392.58. 787,026 shares of the company's stock were exchanged, compared to its average volume of 1,282,061. The firm has a fifty day moving average of $387.54 and a two-hundred day moving average of $367.29. Charter Communications has a twelve month low of $282.18 and a twelve month high of $437.06. The stock has a market cap of $55.10 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.42 and a beta of 1.08. 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 (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 the consensus estimate of $8.70 by ($0.28). Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same quarter last year, the company earned $7.55 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. SouthState Corp acquired a new stake in Charter Communications in the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. increased its position in Charter Communications by 1,283.3% in 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. SBI Securities Co. Ltd. increased its position in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after acquiring an additional 41 shares in the last quarter. Strengthening Families & Communities LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth approximately $33,000. Finally, Geneos Wealth Management Inc. grew its position in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after buying an additional 55 shares during the period. 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.