An issue of Charter Communications, Inc. (NASDAQ:CHTR) debt fell 1.3% against its face value during trading on Wednesday. The debt issue has a 6.834% coupon and is set to mature on October 23, 2055. The debt is now trading at $112.88 and was trading at $115.24 last week. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
Several research firms have recently commented on CHTR. Zacks Investment Research raised shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Monday. SunTrust Banks boosted their target price on shares of Charter Communications to $440.00 and gave the stock a “buy” rating in a report on Monday, February 5th. BidaskClub downgraded shares of Charter Communications from a “sell” rating to a “strong sell” rating in a report on Friday, March 2nd. Pivotal Research reissued a “buy” rating and issued a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a report on Monday, February 5th. Finally, Royal Bank of Canada boosted their target price on shares of Charter Communications to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $407.17.
Charter Communications, Inc. (NASDAQ CHTR) traded down $9.05 during trading on Wednesday, reaching $340.96. 1,298,800 shares of the company were exchanged, compared to its average volume of 1,520,000. The stock has a market capitalization of $83,480.00, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 3.96 and a beta of 1.21. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. Charter Communications, Inc. has a 52 week low of $308.30 and a 52 week high of $408.83.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. Charter Communications’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 earnings per share. sell-side analysts anticipate that Charter Communications, Inc. will post 4.32 EPS for the current year.
In other news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the sale, the executive vice president now owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Selz Capital LLC purchased a new stake in shares of Charter Communications in the fourth quarter valued at $14,446,000. Commerzbank Aktiengesellschaft FI raised its stake in shares of Charter Communications by 25.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 13,274 shares of the company’s stock valued at $4,824,000 after acquiring an additional 2,711 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Charter Communications by 234.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,597 shares of the company’s stock valued at $1,880,000 after acquiring an additional 3,923 shares during the period. Dai Ichi Life Insurance Company Ltd raised its stake in shares of Charter Communications by 22.1% in the third quarter. Dai Ichi Life Insurance Company Ltd now owns 27,233 shares of the company’s stock valued at $9,897,000 after acquiring an additional 4,938 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Charter Communications in the third quarter valued at $7,268,000. 72.29% of the stock is currently owned by institutional investors and hedge funds.
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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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