Charter Communications (NASDAQ:CHTR) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Wednesday, December 27th.
CHTR has been the topic of a number of other reports. Telsey Advisory Group downgraded Charter Communications from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $450.00 to $340.00 in a research note on Tuesday, September 5th. Zacks Investment Research raised Charter Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Barclays lowered their price objective on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Evercore ISI upped their target price on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $365.00 target price on shares of Charter Communications in a report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $382.53.
Shares of Charter Communications (NASDAQ CHTR) opened at $354.00 on Wednesday. Charter Communications has a 52-week low of $292.84 and a 52-week high of $408.83. The firm has a market capitalization of $88,320.00, a price-to-earnings ratio of 192.39, a P/E/G ratio of 2.60 and a beta of 1.06. 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 released its quarterly earnings results on Thursday, October 26th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The company had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. 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 bought 3,100 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were bought 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 directly owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CHTR. Parallel Advisors LLC boosted its position in Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after acquiring an additional 93 shares in the last quarter. Huntington National Bank purchased a new position in shares of Charter Communications during the third quarter valued at approximately $128,000. CLS Investments LLC lifted its holdings in shares of Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after purchasing an additional 426 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $180,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after purchasing an additional 38 shares during the last quarter. 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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