Charter Communications Inc. (CHTR) Given New $302.00 Price Target at Telsey Advisory Group
Charter Communications Inc. (NASDAQ:CHTR) had its price objective hoisted by Telsey Advisory Group from $246.00 to $302.00 in a report released on Monday. The firm currently has an outperform rating on the stock.
CHTR has been the topic of several other research reports. Morgan Stanley reissued a buy rating and set a $300.00 target price on shares of Charter Communications in a research report on Monday, September 12th. Citigroup Inc. boosted their target price on Charter Communications from $270.00 to $318.00 and gave the company a buy rating in a research report on Friday, September 30th. Guggenheim started coverage on Charter Communications in a research report on Monday, August 29th. They set a buy rating and a $300.00 target price on the stock. Macquarie boosted their target price on Charter Communications from $286.00 to $289.00 and gave the company an outperform rating in a research report on Wednesday, September 28th. Finally, Pivotal Research boosted their target price on Charter Communications from $333.00 to $350.00 and gave the company a buy rating in a research report on Monday, September 26th. Five investment 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’s stock. The company presently has a consensus rating of Buy and a consensus target price of $286.85.
Charter Communications (NASDAQ:CHTR) traded down 1.90% during trading on Monday, reaching $262.75. The company’s stock had a trading volume of 493,446 shares. The company has a market capitalization of $71.19 billion, a P/E ratio of 11.73 and a beta of 0.67. Charter Communications has a 12-month low of $156.13 and a 12-month high of $279.95. The firm’s 50-day moving average price is $266.05 and its 200 day moving average price is $234.29.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.28. The firm had revenue of $9.99 billion for 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 company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.09) EPS. On average, analysts predict that Charter Communications will post $0.60 earnings per share for the current fiscal year.
In other news, Director Mauricio Ramos bought 1,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were acquired at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the completion of the transaction, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the transaction, the director now owns 16,563 shares in the company, valued at approximately $4,275,738.45. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. CKW Financial Group purchased a new position in Charter Communications during the second quarter valued at $103,000. Brave Asset Management Inc bought a new stake in Charter Communications during the second quarter valued at approximately $104,000. Glenmede Trust Co. NA bought a new stake in Charter Communications during the second quarter valued at approximately $107,000. Meeder Asset Management Inc. bought a new stake in Charter Communications during the second quarter valued at approximately $110,000. Finally, Signaturefd LLC boosted its stake in Charter Communications by 503.8% in the second quarter. Signaturefd LLC now owns 483 shares of the company’s stock valued at $110,000 after buying an additional 403 shares in the last quarter. Institutional investors and hedge funds own 77.10% 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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