Media stories about Charter Communications (NASDAQ:CHTR) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Charter Communications earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.2458071589218 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- A Look at Charter’s Key Technical Levels after 3Q17 Results (finance.yahoo.com)
- Earnings Visibility Hamper Charter Communications (CHTR) Rating – Investorplace.com (investorplace.com)
- How Charter Views Its Wireless Strategy (finance.yahoo.com)
- Sprint Files Patent Infringement Charges Against Mediacom (finance.yahoo.com)
- Here’s Why Walt Disney Co Stock Will Jump on a Deal with Fox (finance.yahoo.com)
Several research firms have commented on CHTR. Telsey Advisory Group upgraded Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. UBS reiterated a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Citigroup boosted their price objective on Charter Communications from $378.00 to $456.00 and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Evercore ISI boosted their price objective on Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $420.00 price objective on shares of Charter Communications in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $378.12.
Shares of Charter Communications (NASDAQ:CHTR) traded down $3.05 during trading on Wednesday, hitting $330.95. The stock had a trading volume of 1,529,600 shares, compared to its average volume of 1,696,674. The firm has a market cap of $82,280.00, a PE ratio of 207.45, a P/E/G ratio of 6.22 and a beta of 1.06. Charter Communications has a fifty-two week low of $271.32 and a fifty-two week high of $408.83. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. research analysts forecast that Charter Communications will post 2.21 earnings per share for the current fiscal year.
In related news, CFO Christopher L. Winfrey bought 3,100 shares of the stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $16,153,316.76. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.56% of the company’s stock.
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Charter Communications Company Profile
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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