BidaskClub upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

Several other equities research analysts have also recently commented on the company. Macquarie reaffirmed a buy rating and set a $355.00 price objective on shares of Charter Communications in a research report on Wednesday, September 12th. ValuEngine cut Charter Communications from a hold rating to a sell rating in a research report on Thursday, July 19th. Barclays set a $259.00 price objective on Charter Communications and gave the company a sell rating in a research report on Wednesday, October 10th. Credit Suisse Group started coverage on Charter Communications in a research report on Tuesday, July 10th. They set a neutral rating and a $294.00 price objective on the stock. Finally, Citigroup dropped their price objective on Charter Communications from $410.00 to $375.00 and set a buy rating on the stock in a research report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $364.00.

Shares of NASDAQ CHTR traded down $1.58 during trading on Wednesday, reaching $318.25. The company had a trading volume of 12,116 shares, compared to its average volume of 1,595,472. Charter Communications has a 12-month low of $250.10 and a 12-month high of $396.64. The stock has a market cap of $75.56 billion, a P/E ratio of 120.32, a P/E/G ratio of 1.94 and a beta of 1.20. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, July 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.20. Charter Communications had a return on equity of 1.45% and a net margin of 23.59%. The firm had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.83 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts forecast that Charter Communications will post 4.43 earnings per share for the current fiscal year.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $296.52, for a total value of $622,988.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.83% of the company’s stock.

A number of large investors have recently made changes to their positions in CHTR. Chicago Partners Investment Group LLC boosted its position in Charter Communications by 254.6% in the second quarter. Chicago Partners Investment Group LLC now owns 344 shares of the company’s stock worth $101,000 after purchasing an additional 247 shares during the last quarter. Vigilant Capital Management LLC bought a new position in shares of Charter Communications in the third quarter worth about $106,000. Assetmark Inc. raised its stake in shares of Charter Communications by 166.7% in the first quarter. Assetmark Inc. now owns 360 shares of the company’s stock worth $112,000 after buying an additional 225 shares during the period. Kaizen Advisory LLC raised its stake in shares of Charter Communications by 122.7% in the second quarter. Kaizen Advisory LLC now owns 432 shares of the company’s stock worth $127,000 after buying an additional 238 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Charter Communications in the second quarter worth about $129,000. 71.07% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Featured Article: Put Option

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.