Charter Communications, Inc. (CHTR) Stock Rating Upgraded by Telsey Advisory Group
Charter Communications, Inc. (NASDAQ:CHTR) was upgraded by investment analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday. The brokerage presently has a $450.00 target price on the stock, up from their prior target price of $340.00. Telsey Advisory Group’s price objective points to a potential upside of 15.46% from the company’s current price.
A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada upped their target price on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a report on Monday. Guggenheim cut Charter Communications from a “buy” rating to a “neutral” rating and upped their target price for the stock from $370.00 to $400.00 in a report on Thursday, August 3rd. Barclays PLC set a $354.00 target price on Charter Communications and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. HSBC Holdings plc reaffirmed a “hold” rating and issued a $360.00 target price (up previously from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Finally, BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Eleven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $357.70.
Shares of Charter Communications (CHTR) traded up 2.839% during mid-day trading on Wednesday, hitting $400.815. 3,560,428 shares of the company were exchanged. Charter Communications has a 12-month low of $233.00 and a 12-month high of $408.83. The stock has a market cap of $103.36 billion, a PE ratio of 114.814 and a beta of 1.09. The stock’s 50-day moving average price is $343.56 and its 200 day moving average price is $331.55.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. During the same period in the previous year, the company earned $0.99 EPS. Charter Communications’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Charter Communications will post $0.60 EPS for the current fiscal year.
In other Charter Communications news, Director David C. Merritt bought 1,200 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were bought at an average price of $326.31 per share, for a total transaction of $391,572.00. Following the transaction, the director now directly owns 8,174 shares in the company, valued at $2,667,257.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its stake in shares of Charter Communications by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 643 shares of the company’s stock valued at $197,000 after buying an additional 3 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake 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 buying an additional 6 shares during the last quarter. RMB Capital Management LLC raised 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 valued at $267,000 after buying an additional 8 shares during the last quarter. Allen Operations LLC raised 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 valued at $320,000 after buying an additional 8 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised 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 valued at $116,000 after buying an additional 16 shares during the last quarter. Institutional investors own 77.76% of the company’s stock.
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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