Shares of Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $344.58 and traded as high as $345.00. Charter Communications shares last traded at $342.77, with a volume of 472,715 shares.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Barclays lifted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a report on Monday, November 4th. Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and increased their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Morgan Stanley boosted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday, November 4th. Finally, Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $384.42.
Read Our Latest Research Report on CHTR
Charter Communications Trading Up 1.9 %
The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company's fifty day moving average price is $373.37 and its two-hundred day moving average price is $344.61. The firm has a market cap of $49.68 billion, a PE ratio of 10.94, a P/E/G ratio of 0.60 and a beta of 1.08.
Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to analysts' expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.25 EPS. As a group, sell-side analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.
Institutional Trading of Charter Communications
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications during the third quarter worth about $28,000. Grove Bank & Trust lifted its holdings in shares of Charter Communications by 39.1% in the third 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. CVA Family Office LLC grew its position in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company's stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company's stock worth $51,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company's stock.
Charter Communications Company Profile
(
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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