Charter Communications (NASDAQ:CHTR) Raised to Buy at Loop Capital

Charter Communications (NASDAQ:CHTR) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued on Monday,Benzinga reports. The firm currently has a $510.00 price target on the stock, up from their prior price target of $430.00. Loop Capital’s price target points to a potential upside of 19.37% from the stock’s current price.

CHTR has been the topic of a number of other reports. BNP Paribas reiterated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Citigroup lifted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a report on Friday. Finally, Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $409.39.

Charter Communications Stock Performance

Shares of CHTR opened at $427.25 on Monday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a twelve month low of $266.06 and a twelve month high of $437.06. The firm’s 50 day moving average price is $365.54 and its two-hundred day moving average price is $366.33. The firm has a market cap of $59.97 billion, a P/E ratio of 12.22, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same period in the previous year, the firm posted $7.55 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Charter Communications by 1.5% in the first quarter. Vanguard Group Inc. now owns 8,191,760 shares of the company’s stock valued at $3,018,909,000 after purchasing an additional 120,303 shares during the last quarter. Norges Bank acquired a new position in shares of Charter Communications in the fourth quarter valued at about $1,032,236,000. Geode Capital Management LLC grew its stake in shares of Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after acquiring an additional 45,045 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after acquiring an additional 806,145 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Charter Communications by 7.0% in the first quarter. Invesco Ltd. now owns 1,834,807 shares of the company’s stock valued at $676,181,000 after acquiring an additional 120,624 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

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.