Deutsche Bank Aktiengesellschaft Raises Charter Communications (NASDAQ:CHTR) Price Target to $325.00

Charter Communications (NASDAQ:CHTR) had its target price lifted by Deutsche Bank Aktiengesellschaft from $300.00 to $325.00 in a research note published on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other equities analysts also recently commented on the company. Rosenblatt Securities increased their price target on Charter Communications from $292.00 to $329.00 and gave the company a neutral rating in a report on Monday. Loop Capital lowered their price target on Charter Communications from $335.00 to $285.00 and set a hold rating on the stock in a report on Monday, April 29th. Bank of America raised their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a neutral rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $300.00 to $385.00 and gave the stock a neutral rating in a research note on Monday. Finally, The Goldman Sachs Group initiated coverage on shares of Charter Communications in a research note on Monday, July 1st. They issued a sell rating and a $250.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $373.69.

Charter Communications Trading Down 0.7 %

Shares of CHTR stock opened at $376.97 on Monday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30. The company has a quick ratio of 0.40, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The business’s 50 day moving average is $301.45 and its two-hundred day moving average is $296.49. The company has a market cap of $54.29 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.72 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. During the same quarter last year, the company posted $8.05 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts predict that Charter Communications will post 32.06 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently bought and sold shares of CHTR. Capital International Investors boosted its stake in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Charter Communications by 96.5% during the first quarter. Pzena Investment Management LLC now owns 2,848,459 shares of the company’s stock valued at $827,848,000 after acquiring an additional 1,399,034 shares during the period. Norges Bank bought a new position in shares of Charter Communications during the fourth quarter valued at $310,727,000. Parnassus Investments LLC lifted its holdings in shares of Charter Communications by 40.1% during the fourth quarter. Parnassus Investments LLC now owns 1,620,542 shares of the company’s stock valued at $629,872,000 after acquiring an additional 463,968 shares during the period. Finally, Putnam Investments LLC lifted its holdings in shares of Charter Communications by 24.5% during the fourth quarter. Putnam Investments LLC now owns 1,233,243 shares of the company’s stock valued at $479,337,000 after acquiring an additional 242,448 shares during the period. Institutional investors and hedge funds 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.