Charter Communications (NASDAQ:CHTR) Price Target Raised to $365.00 at Deutsche Bank Aktiengesellschaft

Charter Communications (NASDAQ:CHTR - Free Report) had its price target lifted by Deutsche Bank Aktiengesellschaft from $340.00 to $365.00 in a research note released on Monday, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages also recently issued reports on CHTR. JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research report on Monday. Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday. Bank of America upgraded shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price target for the company from $385.00 to $450.00 in a report on Monday. Raymond James lowered shares of Charter Communications from a "market perform" rating to an "underperform" rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada boosted their target price on Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $378.47.

Charter Communications Price Performance

Shares of NASDAQ:CHTR traded up $9.34 on Monday, reaching $375.83. The company's stock had a trading volume of 2,195,920 shares, compared to its average volume of 1,381,595. The company has a 50-day simple moving average of $333.06 and a 200 day simple moving average of $312.37. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market cap of $53.65 billion, a P/E ratio of 11.92, a PEG ratio of 0.59 and a beta of 1.03. Charter Communications has a 52-week low of $236.08 and a 52-week high of $422.92.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share 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 30.11% and a net margin of 8.51%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $8.25 earnings per share. As a group, equities research analysts anticipate that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently modified their holdings of the business. Savant Capital LLC lifted its position in shares of Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company's stock valued at $556,000 after buying an additional 31 shares during the last quarter. US Bancorp DE lifted its position in Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock valued at $2,388,000 after acquiring an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company's stock worth $314,000 after purchasing an additional 32 shares during the last quarter. Grove Bank & Trust increased its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Charter Communications by 31.3% during the 3rd 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. Hedge funds and other institutional investors own 81.76% of the company's stock.

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.