StockNews.com upgraded shares of Charter Communications (NASDAQ:CHTR - Free Report) from a hold rating to a buy rating in a research report report published on Tuesday.
Several other equities research analysts have also commented on CHTR. Royal Bank of Canada raised their price target 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. 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 note on Tuesday, November 26th. KeyCorp upgraded shares of Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Benchmark reiterated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $389.39.
Check Out Our Latest Research Report on Charter Communications
Charter Communications Stock Performance
Shares of NASDAQ:CHTR traded up $1.23 during trading hours on Tuesday, hitting $363.81. The stock had a trading volume of 1,569,789 shares, compared to its average volume of 1,194,727. The stock's fifty day simple moving average is $356.74 and its 200 day simple moving average is $355.00. 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 $51.73 billion, a price-to-earnings ratio of 10.41, 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.
Charter Communications (NASDAQ:CHTR - Get Free Report) last announced 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 company earned $7.07 EPS. Sell-side analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Charter Communications
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Franklin Resources Inc. boosted its stake 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 valued at $1,052,868,000 after buying an additional 148,003 shares during the period. Norges Bank acquired a new stake in shares of Charter Communications during the 4th quarter valued at $1,032,236,000. Geode Capital Management LLC boosted its stake in shares of Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company's stock valued at $847,087,000 after buying an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after buying an additional 1,126,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock valued at $369,566,000 after buying an additional 609,554 shares during the period. Institutional investors and hedge funds own 81.76% of the company's stock.
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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