Charter Communications (NASDAQ:CHTR) Price Target Raised to $450.00

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price target raised by equities researchers at Benchmark from $440.00 to $450.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's target price indicates a potential upside of 17.68% from the stock's current price.

Several other brokerages have also recently issued reports on CHTR. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a report on Monday. 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. Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an "equal weight" rating in a report on Monday. Rosenblatt Securities lifted their price objective on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Finally, Pivotal Research boosted their price target on Charter Communications from $435.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $379.06.

Charter Communications Stock Up 1.7 %

NASDAQ:CHTR traded up $6.55 during trading hours on Tuesday, reaching $382.38. 1,587,004 shares of the company traded hands, compared to its average volume of 1,382,555. The stock has a market capitalization of $54.58 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.66 and a beta of 1.03. The business's 50-day moving average price is $333.47 and its two-hundred day moving average price is $313.19. Charter Communications has a 1 year low of $236.08 and a 1 year high of $422.92. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm 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 company's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.25 EPS. Analysts predict that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Trading of Charter Communications

Several large investors have recently modified their holdings of the company. Capital International Investors lifted its position in Charter Communications by 53.6% in the first quarter. Capital International Investors now owns 10,558,651 shares of the company's stock worth $3,068,661,000 after purchasing an additional 3,685,451 shares during the period. Pzena Investment Management LLC lifted its position in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock valued at $903,932,000 after purchasing an additional 175,130 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Charter Communications by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company's stock valued at $212,998,000 after acquiring an additional 69,959 shares during the last quarter. First Pacific Advisors LP lifted its stake in Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company's stock valued at $183,144,000 after buying an additional 12,218 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Charter Communications by 172,425.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company's stock worth $104,188,000 after acquiring an additional 348,299 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

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.