Shares of Charter Communications Inc. (NASDAQ:CHTR) have been given an average recommendation of “Buy” by the twenty research firms that are presently covering the company. Five research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $288.90.

A number of equities research analysts have issued reports on CHTR shares. Morgan Stanley reiterated a “buy” rating and issued a $300.00 target price on shares of Charter Communications in a research report on Monday, September 12th. Citigroup Inc. increased their target price on shares of Charter Communications from $270.00 to $318.00 and gave the stock a “buy” rating in a research report on Friday, September 30th. TheStreet upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Moffett Nathanson upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a research report on Thursday. Finally, Pivotal Research increased their target price on shares of Charter Communications from $285.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th.

Charter Communications (NASDAQ:CHTR) opened at 272.44 on Thursday. Charter Communications has a one year low of $156.13 and a one year high of $281.36. The firm has a market cap of $73.74 billion, a price-to-earnings ratio of 16.21 and a beta of 0.93. The firm has a 50-day moving average of $261.39 and a 200-day moving average of $242.88.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, November 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by $0.10. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The company earned $10.04 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 309.7% compared to the same quarter last year. Analysts anticipate that Charter Communications will post $0.60 EPS for the current year.

In other Charter Communications news, Director Mauricio Ramos acquired 1,000 shares of Charter Communications stock in a transaction dated Thursday, August 18th. The stock was bought at an average cost of $255.00 per share, with a total value of $255,000.00. Following the acquisition, the director now owns 1,997 shares of the company’s stock, valued at $509,235. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.51% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Charter Communications by 12.2% in the first quarter. Prudential Financial Inc. now owns 6,430 shares of the company’s stock worth $1,302,000 after buying an additional 700 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Charter Communications by 3.6% in the first quarter. Canada Pension Plan Investment Board now owns 1,450 shares of the company’s stock worth $294,000 after buying an additional 50 shares during the last quarter. Geode Capital Management LLC increased its position in Charter Communications by 4.8% in the first quarter. Geode Capital Management LLC now owns 488,639 shares of the company’s stock worth $98,857,000 after buying an additional 22,436 shares during the last quarter. National Pension Service increased its position in Charter Communications by 4.4% in the first quarter. National Pension Service now owns 50,624 shares of the company’s stock worth $10,248,000 after buying an additional 2,151 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in Charter Communications during the first quarter worth approximately $47,571,000. 77.29% of the stock is 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.

5 Day Chart for NASDAQ:CHTR

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