StockNews.com Upgrades Charter Communications (NASDAQ:CHTR) to Buy

Charter Communications (NASDAQ:CHTR - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Tuesday.

A number of other equities research analysts have also issued reports on CHTR. BNP Paribas reissued an "underperform" rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Citigroup began coverage on Charter Communications in a research note on Friday, March 14th. They issued a "buy" rating and a $425.00 price target for the company. Royal Bank of Canada increased their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a report on Monday, February 3rd. Finally, Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Charter Communications presently has a consensus rating of "Hold" and an average price target of $387.88.

Charter Communications Trading Up 2.8 %

Shares of NASDAQ:CHTR traded up $8.91 during mid-day trading on Tuesday, hitting $331.34. The stock had a trading volume of 1,161,031 shares, compared to its average volume of 1,245,873. The company's 50 day moving average is $356.08 and its 200-day moving average is $358.22. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $47.03 billion, a PE ratio of 9.48, a P/E/G ratio of 0.44 and a beta of 1.13.

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 for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $7.07 EPS. On average, sell-side analysts predict that Charter Communications will post 38.16 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently made changes to their positions in the business. Avior Wealth Management LLC increased its position in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after buying an additional 45 shares during the period. ST Germain D J Co. Inc. raised its stake in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after purchasing an additional 77 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the 4th quarter valued at $32,000. Generali Asset Management SPA SGR acquired a new stake in Charter Communications in the 4th quarter worth $36,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the period. 81.76% of the stock is currently 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.

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