Charter Communications (NASDAQ:CHTR)‘s stock had its “buy” rating reissued by equities researchers at Argus in a research report issued on Wednesday. They presently have a $450.00 price objective on the stock. Argus’ price objective would indicate a potential upside of 25.43% from the stock’s current price.
A number of other research firms also recently weighed in on CHTR. Pivotal Research reiterated a “buy” rating and set a $500.00 price target (up previously from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Wells Fargo & Co upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $387.50 to $460.00 in a research note on Monday, February 5th. Barclays boosted their target price on shares of Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, February 5th. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Finally, TheStreet upgraded shares of Charter Communications from a “c” rating to a “b+” rating in a research note on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the stock. Charter Communications has an average rating of “Hold” and an average price target of $403.47.
Charter Communications (NASDAQ:CHTR) traded down $6.89 on Wednesday, reaching $358.77. 803,100 shares of the company’s stock were exchanged, compared to its average volume of 1,550,173. Charter Communications has a 1 year low of $308.30 and a 1 year high of $408.83. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $87,212.10, a P/E ratio of 10.01, a P/E/G ratio of 3.08 and a beta of 1.14.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. analysts forecast that Charter Communications will post 4.55 earnings per share for the current fiscal year.
In related news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CHTR. Price Capital Management Inc. bought a new position in shares of Charter Communications in the fourth quarter valued at about $101,000. Kings Point Capital Management raised its holdings in shares of Charter Communications by 68.4% in the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock valued at $117,000 after buying an additional 141 shares during the last quarter. Huntington National Bank bought a new position in shares of Charter Communications in the third quarter valued at about $128,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Charter Communications by 109.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock valued at $137,000 after buying an additional 214 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in shares of Charter Communications in the fourth quarter valued at about $151,000. 73.29% of the stock is owned by institutional investors and hedge funds.
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Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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