Charter Communications (NASDAQ:CHTR) Shares Up 3.6% - Time to Buy?

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report)'s share price shot up 3.6% on Tuesday . The stock traded as high as $335.00 and last traded at $326.67. 258,266 shares traded hands during trading, a decline of 81% from the average session volume of 1,364,445 shares. The stock had previously closed at $315.41.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHTR. JPMorgan Chase & Co. raised their target price on Charter Communications from $300.00 to $385.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Rosenblatt Securities raised their target price on Charter Communications from $292.00 to $329.00 and gave the company a "neutral" rating in a research note on Monday, July 29th. Barclays increased their price target on shares of Charter Communications from $250.00 to $300.00 and gave the stock an "underweight" rating in a research report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an "equal weight" rating in a research report on Monday, July 29th. Finally, TD Cowen increased their price target on shares of Charter Communications from $488.00 to $525.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $356.41.

Charter Communications Stock Up 4.6 %

The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The firm has a market cap of $47.50 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The stock's 50 day moving average is $335.27 and its 200 day moving average is $308.32.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating analysts' consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same quarter last year, the business earned $8.05 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. Analysts forecast that Charter Communications, Inc. will post 32.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHTR. B. Riley Wealth Advisors Inc. increased its holdings in shares of Charter Communications by 5.4% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,074 shares of the company's stock valued at $417,000 after buying an additional 55 shares in the last quarter. Riverview Trust Co bought a new position in shares of Charter Communications in the first quarter valued at $40,000. Aspiriant LLC raised its stake in Charter Communications by 9.7% during the 1st quarter. Aspiriant LLC now owns 1,681 shares of the company's stock valued at $489,000 after purchasing an additional 148 shares during the period. Sendero Wealth Management LLC raised its stake in Charter Communications by 15.2% during the 1st quarter. Sendero Wealth Management LLC now owns 16,515 shares of the company's stock valued at $4,800,000 after purchasing an additional 2,177 shares during the period. Finally, Aviance Capital Partners LLC raised its stake in Charter Communications by 5.0% during the 1st quarter. Aviance Capital Partners LLC now owns 8,412 shares of the company's stock valued at $2,445,000 after purchasing an additional 397 shares during the period. 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.