Charter Communications Inc. (CHTR) Price Target Raised to $318.00 at Citigroup Inc.
Charter Communications Inc. (NASDAQ:CHTR) had its price target lifted by Citigroup Inc. from $270.00 to $318.00 in a research note issued to investors on Friday. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently weighed in on CHTR. Jefferies Group reaffirmed a hold rating on shares of Charter Communications in a research note on Saturday, June 4th. Morgan Stanley reaffirmed a buy rating and set a $300.00 price target on shares of Charter Communications in a research note on Monday, September 12th. Wunderlich raised their price target on Charter Communications from $254.00 to $280.00 and gave the stock a buy rating in a research note on Monday, June 20th. TheStreet raised Charter Communications from a hold rating to a buy rating in a research note on Wednesday, August 10th. Finally, Pivotal Research raised their price target on Charter Communications from $285.00 to $290.00 and gave the stock a buy rating in a research note on Wednesday, August 10th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $282.44.
Shares of Charter Communications (NASDAQ:CHTR) traded down 1.35% during trading on Friday, hitting $266.32. The company’s stock had a trading volume of 218,384 shares. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95. The firm’s 50 day moving average is $264.21 and its 200-day moving average is $230.87. The company has a market capitalization of $72.15 billion, a P/E ratio of 11.89 and a beta of 0.67.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.28. The firm earned $9.99 billion during the quarter, compared to the consensus estimate of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned ($1.09) EPS. Analysts forecast that Charter Communications will post $0.60 EPS for the current fiscal year.
In other news, Director Craig A. Jacobson sold 3,000 shares of Charter Communications stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the sale, the director now directly owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mauricio Ramos bought 1,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was purchased at an average cost of $255.00 per share, with a total value of $255,000.00. Following the completion of the purchase, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The disclosure for this purchase can be found here. 1.51% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. CKW Financial Group purchased a new stake in Charter Communications during the second quarter valued at approximately $103,000. Brave Asset Management Inc bought a new stake in shares of Charter Communications during the second quarter worth approximately $104,000. Glenmede Trust Co. NA bought a new stake in shares of Charter Communications during the second quarter worth approximately $107,000. Meeder Asset Management Inc. bought a new stake in shares of Charter Communications during the second quarter worth approximately $110,000. Finally, Signaturefd LLC boosted its stake in shares of Charter Communications by 503.8% in the second quarter. Signaturefd LLC now owns 483 shares of the company’s stock worth $110,000 after buying an additional 403 shares during the period. 77.10% of the stock is owned by institutional investors.
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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