Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Barclays Analyst Says

Charter Communications (NASDAQ:CHTR - Free Report) had its target price upped by Barclays from $315.00 to $320.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an underweight rating on the stock.

CHTR has been the subject of a number of other reports. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a report on Monday, November 4th. Pivotal Research raised their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. Finally, Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $384.42.

Charter Communications Stock Up 2.4 %

Shares of CHTR traded up $8.26 during midday trading on Monday, hitting $353.31. The company had a trading volume of 747,353 shares, compared to its average volume of 1,266,141. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The firm has a market capitalization of $50.24 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.46 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The company's 50-day simple moving average is $360.53 and its 200-day simple moving average is $353.34.

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, topping 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 quarter in the previous year, the firm posted $7.07 earnings per share. As a group, sell-side analysts expect that Charter Communications will post 36.73 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in Charter Communications during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the third quarter valued at about $28,000. Avior Wealth Management LLC lifted its stake in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications in the fourth quarter valued at about $32,000. Finally, Grove Bank & Trust grew its stake in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Company Profile

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.