Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating reissued by research analysts at Royal Bank Of Canada in a research note issued on Thursday. They currently have a $400.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 19.25% from the company’s previous close.

A number of other brokerages have also weighed in on CHTR. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reiterated a “buy” rating and issued a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Robert W. Baird reiterated a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. UBS AG reiterated a “buy” rating and issued a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Finally, Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a research report on Sunday, July 30th. Twelve investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Charter Communications has a consensus rating of “Buy” and a consensus target price of $378.12.

Shares of Charter Communications (NASDAQ CHTR) traded down $2.23 during trading hours on Thursday, hitting $335.43. The stock had a trading volume of 2,211,286 shares, compared to its average volume of 2,440,719. The company has a market capitalization of $83,391.25, a price-to-earnings ratio of 208.34, a price-to-earnings-growth ratio of 5.21 and a beta of 1.09. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share 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 quarter last year, the business posted $0.69 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. sell-side analysts forecast that Charter Communications will post 2.77 EPS for the current fiscal year.

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In other news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher L. Winfrey acquired 3,100 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now directly owns 49,916 shares in the company, valued at $16,153,316.76. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of Charter Communications by 43.3% during the 2nd quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after purchasing an additional 93 shares in the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Charter Communications by 4.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after purchasing an additional 16 shares in the last quarter. Huntington National Bank bought a new position in shares of Charter Communications during the 3rd quarter valued at about $128,000. Barrett Asset Management LLC lifted its holdings in shares of Charter Communications by 118.7% during the 2nd quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after purchasing an additional 216 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Charter Communications by 50.7% during the 2nd quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 74.06% of the company’s stock.

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.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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