Guggenheim Boosts Charter Communications (NASDAQ:CHTR) Price Target to $488.00

Charter Communications (NASDAQ:CHTR) had its target price boosted by Guggenheim from $440.00 to $488.00 in a research report sent to investors on Thursday morning, AnalystRatings.com reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. Citigroup initiated coverage on Charter Communications in a research report on Thursday, June 13th. They set a buy rating and a $480.00 target price on the stock. Nomura increased their target price on Charter Communications from $350.00 to $380.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Raymond James increased their target price on Charter Communications from $435.00 to $460.00 and gave the stock a strong-buy rating in a research report on Monday, July 29th. Pivotal Research restated a buy rating and set a $500.00 target price on shares of Charter Communications in a research report on Friday, July 26th. Finally, Credit Suisse Group increased their target price on Charter Communications from $370.00 to $400.00 and gave the stock a neutral rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $418.85.

NASDAQ:CHTR opened at $420.35 on Thursday. The company has a market cap of $94.66 billion, a P/E ratio of 80.53, a P/E/G ratio of 1.54 and a beta of 1.22. The stock’s fifty day moving average price is $400.39 and its two-hundred day moving average price is $382.60. Charter Communications has a 1 year low of $272.91 and a 1 year high of $431.43. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.40). The company had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. On average, analysts expect that Charter Communications will post 6.58 earnings per share for the current fiscal year.

In related news, Director Craig A. Jacobson sold 1,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total value of $389,780.00. Following the sale, the director now owns 11,773 shares in the company, valued at $4,588,879.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.84% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Charter Communications during the second quarter valued at about $34,000. Rational Advisors LLC grew its stake in shares of Charter Communications by 230.3% during the first quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after buying an additional 76 shares during the last quarter. TCG Advisors LP bought a new position in shares of Charter Communications during the first quarter valued at about $42,000. Ibex Wealth Advisors bought a new position in shares of Charter Communications during the second quarter valued at about $49,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Charter Communications during the second quarter valued at about $66,000. Institutional investors and hedge funds own 72.14% of the company’s stock.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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