Investment analysts at Citigroup started coverage on shares of Charter Communications (NASDAQ:CHTR - Get Free Report) in a research note issued to investors on Friday, Marketbeat.com reports. The firm set a "buy" rating and a $425.00 price target on the stock. Citigroup's target price indicates a potential upside of 19.90% from the stock's previous close.
Several other research analysts have also commented on CHTR. Barclays lifted their price target 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. KeyCorp raised shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Finally, Benchmark reiterated a "buy" rating and issued a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $388.37.
Read Our Latest Research Report on CHTR
Charter Communications Stock Up 0.1 %
CHTR stock traded up $0.37 during mid-day trading on Friday, hitting $354.45. 1,094,251 shares of the company were exchanged, compared to its average volume of 1,198,778. The company has a market capitalization of $50.40 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The firm has a fifty day simple moving average of $355.69 and a 200 day simple moving average of $354.73.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the firm posted $7.07 earnings per share. On average, research analysts forecast that Charter Communications will post 38.16 earnings per share for the current fiscal year.
Institutional Trading of Charter Communications
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock worth $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Norges Bank bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $1,032,236,000. Geode Capital Management LLC raised its holdings in shares of Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.
About Charter Communications
(
Get Free Report)
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.
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