Charter Communications (NASDAQ:CHTR)‘s stock had its “market perform” rating reiterated by analysts at Wells Fargo & Co in a research report issued to clients and investors on Thursday, January 4th, The Fly reports. They currently have a $359.00 price objective on the stock, up from their previous price objective of $340.00. Wells Fargo & Co’s price target suggests a potential upside of 1.05% from the company’s previous close.
A number of other brokerages have also recently commented on CHTR. Evercore ISI raised their price target on shares of Charter Communications from $360.00 to $438.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Robert W. Baird restated a “hold” rating and set a $365.00 price target on shares of Charter Communications in a research note on Wednesday, October 4th. Royal Bank of Canada restated a “buy” rating and set a $420.00 price target on shares of Charter Communications in a research note on Monday, September 18th. Macquarie restated a “buy” rating and set a $430.00 price target on shares of Charter Communications in a research note on Tuesday, October 3rd. Finally, Moffett Nathanson restated a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the stock. Charter Communications currently has a consensus rating of “Hold” and an average target price of $382.53.
Charter Communications (NASDAQ CHTR) traded up $4.44 during mid-day trading on Thursday, reaching $355.27. 1,191,000 shares of the company’s stock were exchanged, compared to its average volume of 1,641,838. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40. Charter Communications has a one year low of $292.84 and a one year high of $408.83. The company has a market capitalization of $88,320.00, a PE ratio of 193.08, a price-to-earnings-growth ratio of 2.60 and a beta of 1.06.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The firm had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. equities analysts forecast that Charter Communications will post 2.21 earnings per share for the current fiscal year.
In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of Charter Communications stock in a transaction on Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares in the company, valued at $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Caledonia Investments PLC bought a new stake in Charter Communications in the 4th quarter valued at $13,606,000. AustralianSuper Pty Ltd bought a new stake in Charter Communications in the 3rd quarter valued at $18,135,000. Parametric Portfolio Associates LLC lifted its position in Charter Communications by 8.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 394,493 shares of the company’s stock valued at $143,367,000 after acquiring an additional 30,002 shares in the last quarter. AXA lifted its position in Charter Communications by 3.1% in the 3rd quarter. AXA now owns 40,969 shares of the company’s stock valued at $14,889,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Charter Communications in the 3rd quarter valued at $180,000. 72.16% of the stock is currently owned by institutional investors.
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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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