An issue of Charter Communications, Inc. (NASDAQ:CHTR) bonds rose 1.3% as a percentage of their face value during trading on Tuesday. The debt issue has a 6.834% coupon and is set to mature on October 23, 2055. The debt is now trading at $120.23 and was trading at $116.19 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

A number of equities research analysts recently issued reports on CHTR shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $356.00 price target on shares of Charter Communications in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. started coverage on shares of Charter Communications in a research note on Thursday, June 1st. They set a “market perform” rating on the stock. CIBC started coverage on shares of Charter Communications in a research note on Friday, June 2nd. They set a “market perform” rating on the stock. BidaskClub downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating on shares of Charter Communications in a research note on Wednesday, June 28th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus price target of $379.19.

Charter Communications, Inc. (CHTR) opened at 367.01 on Thursday. Charter Communications, Inc. has a 12-month low of $241.50 and a 12-month high of $408.83. The company has a market capitalization of $94.65 billion, a PE ratio of 105.13 and a beta of 1.10. The stock has a 50 day moving average of $389.33 and a 200-day moving average of $348.25.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Charter Communications, Inc. will post $0.60 earnings per share for the current 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 transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its holdings in Charter Communications by 0.7% in the 1st 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 period. RMB Capital Management LLC raised its holdings in Charter Communications by 1.0% in the 1st 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 period. Allen Operations LLC raised its holdings in Charter Communications by 0.8% in the 1st 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 period. MML Investors Services LLC raised its holdings in Charter Communications by 1.3% in the 2nd quarter. MML Investors Services LLC now owns 842 shares of the company’s stock valued at $284,000 after buying an additional 11 shares during the period. Finally, Cornerstone Advisors Inc. raised its holdings in Charter Communications by 4.9% in the 2nd 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 period. Hedge funds and other institutional investors own 74.09% of the company’s stock.

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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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