Brokerages Set Charter Communications, Inc. (CHTR) Target Price at $406.19
Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned an average recommendation of “Buy” from the twenty-five analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $406.19.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Monday. SunTrust Banks raised their price target on shares of Charter Communications to $440.00 and gave the stock a “buy” rating in a report on Monday, February 5th. BidaskClub downgraded shares of Charter Communications from a “sell” rating to a “strong sell” rating in a report on Friday, March 2nd. Pivotal Research reiterated a “buy” rating and issued a $500.00 target price (up previously from $420.00) on shares of Charter Communications in a report on Monday, February 5th. Finally, Royal Bank of Canada lifted their target price on shares of Charter Communications to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th.
Shares of Charter Communications (NASDAQ CHTR) traded down $5.81 during midday trading on Friday, hitting $353.41. 378,299 shares of the stock were exchanged, compared to its average volume of 1,464,561. The firm has a market cap of $82,902.30, a P/E ratio of 9.94, a P/E/G ratio of 3.83 and a beta of 1.20. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23. Charter Communications has a fifty-two week low of $308.30 and a fifty-two week high of $408.83.
In other Charter Communications news, EVP Jonathan Hargis sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.56% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Price Capital Management Inc. purchased a new position in Charter Communications in the 4th quarter valued at approximately $101,000. Kings Point Capital Management boosted its position in Charter Communications by 68.4% in the 4th 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 period. Northwestern Mutual Wealth Management Co. boosted its position in Charter Communications by 109.7% in the 4th 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 period. Icon Wealth Partners LLC purchased a new stake in shares of Charter Communications during the 4th quarter worth $151,000. Finally, CLS Investments LLC lifted its position in shares of Charter Communications by 4,733.3% during the 3rd quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after purchasing an additional 426 shares during the last quarter. 72.29% of the stock is owned by institutional investors.
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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