BNP Paribas restated their underperform rating on shares of Charter Communications (NASDAQ:CHTR - Free Report) in a report released on Thursday, MarketBeat.com reports. They currently have a $290.00 target price on the stock.
A number of other analysts have also issued reports on the company. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. Benchmark reiterated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. StockNews.com cut Charter Communications from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Barclays raised their price objective on Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Charter Communications presently has a consensus rating of "Hold" and a consensus target price of $387.88.
View Our Latest Report on CHTR
Charter Communications Price Performance
NASDAQ CHTR traded up $5.35 during trading hours on Thursday, reaching $345.75. The company's stock had a trading volume of 460,542 shares, compared to its average volume of 1,265,643. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock has a market cap of $49.08 billion, a PE ratio of 9.89, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company's 50-day moving average is $358.15 and its two-hundred day moving average is $358.09.
Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts' consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the company earned $7.07 EPS. Analysts forecast that Charter Communications will post 38.16 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Charter Communications during the 4th quarter worth $1,032,236,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after acquiring an additional 1,126,783 shares during the period. GAMMA Investing LLC increased its position in Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock valued at $316,176,000 after purchasing an additional 855,961 shares during the period. Arrowstreet Capital Limited Partnership lifted its position 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 during the period. Finally, LSV Asset Management boosted its stake in shares of Charter Communications by 8,343.1% in the 4th quarter. LSV Asset Management now owns 177,305 shares of the company's stock valued at $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Institutional investors own 81.76% of the company's stock.
About Charter Communications
(
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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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