Charter Communications, Inc. (NASDAQ:CHTR) had its target price hoisted by Royal Bank Of Canada from $356.00 to $420.00 in a research note published on Monday morning. The firm currently has an outperform rating on the stock.
A number of other research analysts have also weighed in on CHTR. SunTrust Banks, Inc. initiated coverage on Charter Communications in a research report on Tuesday, April 18th. They set a buy rating and a $380.00 price objective for the company. Macquarie reiterated a buy rating and issued a $365.00 price target on shares of Charter Communications in a research report on Wednesday, April 19th. Telsey Advisory Group dropped their price target on Charter Communications from $345.00 to $340.00 and set a market perform rating for the company in a research report on Wednesday, May 3rd. Wells Fargo & Company lowered Charter Communications from an outperform rating to a market perform rating and set a $335.00 price target for the company. in a research report on Wednesday, May 3rd. Finally, Wunderlich lowered Charter Communications from a buy rating to a hold rating and dropped their price target for the stock from $360.00 to $350.00 in a research report on Wednesday, May 3rd. Twelve research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Charter Communications presently has a consensus rating of Buy and an average price target of $351.91.
Charter Communications (NASDAQ:CHTR) traded up 0.93% during trading on Monday, hitting $384.55. The stock had a trading volume of 344,505 shares. The company has a 50-day moving average of $343.55 and a 200 day moving average of $331.55. Charter Communications has a 52-week low of $233.00 and a 52-week high of $399.95. The firm has a market cap of $99.17 billion, a P/E ratio of 110.15 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by $0.29. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. On average, equities research analysts predict that Charter Communications will post $0.60 earnings per share for the current fiscal year.
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In other Charter Communications news, Director David C. Merritt acquired 1,200 shares of Charter Communications stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average price of $326.31 per share, with a total value of $391,572.00. Following the completion of the purchase, the director now directly owns 8,174 shares of the company’s stock, valued at approximately $2,667,257.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the transaction, the director now directly owns 13,436 shares of the company’s stock, valued at approximately $4,348,158.32. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Addison Capital Co increased its position in shares of Charter Communications by 229.7% in the first quarter. Addison Capital Co now owns 5,216 shares of the company’s stock worth $1,707,000 after buying an additional 3,634 shares during the period. Jennison Associates LLC increased its position in shares of Charter Communications by 32.3% in the first quarter. Jennison Associates LLC now owns 3,286,979 shares of the company’s stock worth $1,075,894,000 after buying an additional 801,716 shares during the period. State Treasurer State of Michigan increased its position in shares of Charter Communications by 0.3% in the second quarter. State Treasurer State of Michigan now owns 70,900 shares of the company’s stock worth $23,883,000 after buying an additional 200 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of Charter Communications by 1.0% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 38,248 shares of the company’s stock worth $12,519,000 after buying an additional 389 shares during the period. Finally, Doyle Wealth Management acquired a new position in shares of Charter Communications during the first quarter worth approximately $5,857,000. 77.76% of the stock is owned by institutional investors.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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