Charter Communications (NASDAQ:CHTR) Posts Earnings Results

Charter Communications (NASDAQ:CHTR - Get Free Report) announced its earnings results on Friday. The company reported $8.82 earnings per share for the quarter, beating analysts' consensus estimates of $8.55 by $0.27, Briefing.com reports. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the previous year, the business earned $8.25 EPS. The company's quarterly revenue was up 1.6% compared to the same quarter last year.

Charter Communications Price Performance

Shares of CHTR stock traded up $38.88 during mid-day trading on Friday, hitting $366.49. The company had a trading volume of 4,442,323 shares, compared to its average volume of 1,377,754. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The stock's 50 day moving average price is $333.06 and its 200-day moving average price is $311.99. Charter Communications has a 52-week low of $236.08 and a 52-week high of $424.86. The company has a market capitalization of $52.31 billion, a P/E ratio of 11.69, a P/E/G ratio of 0.60 and a beta of 1.05.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CHTR shares. JPMorgan Chase & Co. increased their target price on Charter Communications from $300.00 to $385.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Rosenblatt Securities raised their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a "neutral" rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a "sell" rating to a "neutral" rating and set a $350.00 target price for the company in a research report on Wednesday, September 11th. Pivotal Research increased their price target on shares of Charter Communications from $400.00 to $435.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Finally, Wolfe Research downgraded shares of Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $356.41.

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.