Charter Communications, Inc. (CHTR) PT Raised to $456.00
Charter Communications, Inc. (NASDAQ:CHTR) had its price objective lifted by investment analysts at Citigroup Inc. from $378.00 to $456.00 in a note issued to investors on Tuesday. The firm presently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 16.82% from the company’s current price.
Several other equities analysts have also recently issued reports on CHTR. UBS AG reaffirmed a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a report on Monday, August 14th. HSBC Holdings plc reaffirmed a “hold” rating and set a $360.00 price objective (up from $300.00) on shares of Charter Communications in a report on Tuesday, August 1st. Telsey Advisory Group raised Charter Communications from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $340.00 to $450.00 in a report on Wednesday, August 9th. BidaskClub raised Charter Communications from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Barclays PLC set a $354.00 price target on Charter Communications and gave the stock an “equal weight” rating in a report on Wednesday, August 2nd. Eleven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $377.63.
Shares of Charter Communications (NASDAQ:CHTR) opened at 390.33 on Tuesday. Charter Communications has a 12 month low of $241.50 and a 12 month high of $408.83. The company has a market capitalization of $100.66 billion, a P/E ratio of 111.81 and a beta of 1.09. The company has a 50-day moving average price of $368.83 and a 200-day moving average price of $340.10.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.29. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. On average, analysts forecast that Charter Communications will post $0.60 EPS for the current fiscal year.
In other news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the completion of the sale, the executive vice president now owns 18,025 shares of the company’s stock, valued at $7,191,975. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.56% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. Burt Wealth Advisors acquired a new stake in shares of Charter Communications during the first quarter worth approximately $115,000. Cornerstone Advisors Inc. increased 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 worth $116,000 after buying an additional 16 shares in the last quarter. Parallel Advisors LLC increased its stake in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares during the period. Barrett Asset Management LLC increased its stake in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock worth $134,000 after buying an additional 216 shares during the period. Finally, Bessemer Group Inc. increased its stake in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares during the period. 77.79% of the stock is owned by institutional investors and hedge funds.
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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