Charter Communications (CHTR) Now Covered by Buckingham Research
Equities researchers at Buckingham Research started coverage on shares of Charter Communications (NASDAQ:CHTR) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.
Other equities analysts have also issued reports about the company. Macquarie reaffirmed a “buy” rating and issued a $430.00 target price on shares of Charter Communications in a research report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $420.00 target price on shares of Charter Communications in a research report on Monday, September 18th. Citigroup upped their target price on Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. SunTrust Banks reaffirmed a “buy” rating and issued a $380.00 target price on shares of Charter Communications in a research report on Friday, October 27th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $420.00 target price (up from $405.00) on shares of Charter Communications in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Charter Communications presently has a consensus rating of “Hold” and a consensus target price of $381.44.
Charter Communications (CHTR) opened at $329.99 on Wednesday. The company has a market capitalization of $82,411.73, a P/E ratio of 205.89, a P/E/G ratio of 6.17 and a beta of 1.05. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications has a 52-week low of $275.34 and a 52-week high of $408.83.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The business had revenue of $10.46 billion during the quarter, compared to analyst estimates of $10.49 billion. During the same period in the previous year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. analysts predict that Charter Communications will post 2.21 earnings per share for the current fiscal year.
In other news, CFO Christopher L. Winfrey purchased 3,100 shares of the stock in a transaction dated Monday, October 30th. The stock was acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in Charter Communications by 315.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after buying an additional 1,051,151 shares during the last quarter. Janus Henderson Group PLC grew its stake in Charter Communications by 2,099.6% during the 2nd quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock worth $203,464,000 after buying an additional 576,559 shares during the last quarter. Brown Advisory Inc. grew its stake in Charter Communications by 623.2% during the 3rd quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock worth $215,394,000 after buying an additional 510,735 shares during the last quarter. BlackRock Inc. grew its stake in Charter Communications by 4.1% during the 2nd quarter. BlackRock Inc. now owns 12,709,709 shares of the company’s stock worth $4,281,266,000 after buying an additional 496,574 shares during the last quarter. Finally, Capital World Investors grew its stake in Charter Communications by 4.1% during the 2nd quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock worth $3,441,033,000 after buying an additional 402,167 shares during the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.
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About Charter Communications
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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