KeyCorp Upgrades Charter Communications (NASDAQ:CHTR) to Overweight

KeyCorp upgraded shares of Charter Communications (NASDAQ:CHTR - Free Report) from a sector weight rating to an overweight rating in a report released on Thursday, MarketBeat.com reports. The firm currently has $500.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research 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 on the stock in a report on Tuesday, November 26th. Pivotal Research upped their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Wolfe Research lowered shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $384.42.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $9.17 during trading on Thursday, reaching $387.66. The company had a trading volume of 397,466 shares, compared to its average volume of 1,368,031. The company has a fifty day moving average of $364.03 and a two-hundred day moving average of $336.14. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market capitalization of $55.13 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.64 and a beta of 1.08. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts' consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.25 EPS. Equities research analysts forecast that Charter Communications will post 32.87 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Oddo BHF Asset Management Sas bought a new position in shares of Charter Communications during the third quarter valued at approximately $1,345,000. Franklin Resources Inc. grew its stake in shares of Charter Communications by 4.9% in 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 during the last quarter. Tidal Investments LLC increased its position in Charter Communications by 1.3% during the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company's stock valued at $5,594,000 after buying an additional 229 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Charter Communications during the 3rd quarter valued at approximately $165,000. Finally, Sanctuary Advisors LLC raised its stake in Charter Communications by 51.9% during the third quarter. Sanctuary Advisors LLC now owns 6,159 shares of the company's stock valued at $1,996,000 after buying an additional 2,105 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

About Charter Communications

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.