Charter Communications (NASDAQ:CHTR) Stock Rating Upgraded by Bank of America

Bank of America upgraded shares of Charter Communications (NASDAQ:CHTR - Free Report) from a neutral rating to a buy rating in a research report sent to investors on Monday, MarketBeat reports. They currently have $450.00 price objective on the stock, up from their prior price objective of $385.00.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $300.00 to $385.00 and gave the company a "neutral" rating in a report on Monday, July 29th. Pivotal Research raised their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from a "peer perform" rating to an "underperform" rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. Rosenblatt Securities raised their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a "neutral" rating in a research report on Monday, July 29th. Finally, TD Cowen upped their target price on Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $378.47.

Charter Communications Stock Up 2.5 %

NASDAQ:CHTR traded up $9.34 during mid-day trading on Monday, reaching $375.83. The company's stock had a trading volume of 2,168,273 shares, compared to its average volume of 1,381,595. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. Charter Communications has a 1 year low of $236.08 and a 1 year high of $422.92. The stock has a fifty day moving average of $333.47 and a 200-day moving average of $313.19. The firm has a market capitalization of $53.65 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $8.25 earnings per share. Equities research analysts forecast that Charter Communications will post 32.51 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently made changes to their positions in CHTR. Capital International Investors grew its position in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company's stock valued at $3,068,661,000 after buying an additional 3,685,451 shares during the period. First Eagle Investment Management LLC grew its position in shares of 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 valued at $104,188,000 after acquiring an additional 348,299 shares during the period. Assenagon Asset Management S.A. raised its holdings in Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock worth $80,941,000 after purchasing an additional 247,789 shares during the period. Pzena Investment Management LLC boosted its position in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company's stock worth $903,932,000 after purchasing an additional 175,130 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in shares of Charter Communications during the 1st quarter worth approximately $32,074,000. 81.76% of the stock is owned by hedge funds and other 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.