Charter Communications, Inc. (CHTR) Stock Rating Reaffirmed by Macquarie
Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating restated by research analysts at Macquarie in a research report issued to clients and investors on Tuesday. They presently have a $430.00 price objective on the stock. Macquarie’s price target suggests a potential upside of 18.10% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. HSBC Holdings plc reissued a “hold” rating and set a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. UBS AG reaffirmed a “buy” rating and issued a $450.00 price target (up from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Telsey Advisory Group raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 price objective on Charter Communications and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Twelve analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $382.80.
Charter Communications (CHTR) opened at 364.11 on Tuesday. The stock has a market capitalization of $93.90 billion, a price-to-earnings ratio of 104.30 and a beta of 1.10. Charter Communications has a one year low of $241.50 and a one year high of $408.83. The stock’s 50 day moving average is $382.18 and its 200 day moving average is $350.73.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts forecast that Charter Communications will post $0.60 EPS for the current year.
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In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.56% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Guardian Life Insurance Co. of America boosted its position in shares of Charter Communications by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock valued at $273,000 after acquiring an additional 6 shares during the period. RMB Capital Management LLC grew its stake in shares of Charter Communications by 1.0% in the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock worth $267,000 after acquiring an additional 8 shares during the last quarter. Allen Operations LLC grew its stake in shares of Charter Communications by 0.8% in the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock worth $320,000 after acquiring an additional 8 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Charter Communications by 1.3% in the second quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after acquiring an additional 11 shares during the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after acquiring an additional 16 shares during the last quarter. 74.10% of the stock is currently owned by institutional investors.
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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