Charter Communications (NASDAQ:CHTR) Shares Up 4.2% – Still a Buy?

Charter Communications, Inc. (NASDAQ:CHTR) was up 4.2% during mid-day trading on Thursday . The company traded as high as $138.92 and last traded at $139.5390. Approximately 334,505 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,742,987 shares. The stock had previously closed at $133.89.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several research reports. Zacks Research upgraded Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. The Goldman Sachs Group dropped their price target on Charter Communications from $185.00 to $125.00 and set a “sell” rating on the stock in a research report on Thursday, July 2nd. Benchmark restated a “buy” rating on shares of Charter Communications in a research note on Wednesday, July 22nd. BNP Paribas Exane decreased their price objective on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Finally, New Street Research dropped their target price on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, Charter Communications presently has a consensus rating of “Hold” and an average target price of $226.88.

Charter Communications Stock Up 4.9%

The business has a 50 day moving average of $143.41 and a two-hundred day moving average of $169.35. The stock has a market capitalization of $16.76 billion, a PE ratio of 3.64, a PEG ratio of 0.31 and a beta of 0.69. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion for the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.18 earnings per share. Analysts predict that Charter Communications, Inc. will post 42.72 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Charter Communications by 3.8% during the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares in the last quarter. Occudo Quantitative Strategies LP lifted its holdings in shares of Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after purchasing an additional 41 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Charter Communications by 4.1% during the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock valued at $233,000 after purchasing an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.