Royal Bank of Canada Boosts Charter Communications (NASDAQ:CHTR) Price Target to $385.00

Charter Communications (NASDAQ:CHTR - Get Free Report) had its price objective raised by analysts at Royal Bank of Canada from $380.00 to $385.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price target suggests a potential upside of 11.58% from the company's previous close.

Several other equities research analysts also recently weighed in on the stock. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an "underweight" rating in a research note on Monday, November 4th. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and upped their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Pivotal Research lifted their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $384.42.

Charter Communications Trading Up 1.4 %

Charter Communications stock traded up $4.79 during trading hours on Monday, reaching $345.05. 909,481 shares of the company's stock were exchanged, compared to its average volume of 1,300,456. The firm has a market capitalization of $49.07 billion, a PE ratio of 9.87, a PEG ratio of 0.46 and a beta of 1.11. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm's 50 day simple moving average is $361.42 and its 200 day simple moving average is $353.40. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the firm earned $7.07 EPS. Research analysts predict that Charter Communications will post 36.73 earnings per share for the current year.

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Chemistry Wealth Management LLC increased its holdings in shares of Charter Communications by 4.8% in the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after purchasing an additional 30 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company's stock worth $2,388,000 after acquiring an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Charter Communications by 3.1% during the 2nd 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 grew its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock valued at $39,000 after buying 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 third quarter. CVA Family Office LLC now owns 147 shares of the company's stock worth $48,000 after buying an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

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.