Charter Communications, Inc. (CHTR) Earns “Buy” Rating from Macquarie
Other research analysts have also issued reports about the stock. Goldman Sachs Group, Inc. (The) reissued a neutral rating on shares of Charter Communications in a research note on Wednesday, June 28th. BidaskClub lowered shares of Charter Communications from a buy rating to a hold rating in a research note on Thursday, June 22nd. HSBC Holdings plc reaffirmed a hold rating and issued a $360.00 price target (up from $300.00) on shares of Charter Communications in a research note on Tuesday, August 1st. Telsey Advisory Group raised shares of Charter Communications from a market perform rating to an outperform rating and upped their price target for the stock from $340.00 to $450.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed a market perform rating and issued a $372.00 price target (up from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Twelve investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $381.86.
Charter Communications (NASDAQ:CHTR) traded down 0.27% on Tuesday, reaching $368.72. 474,018 shares of the company traded hands. The company has a 50-day moving average price of $379.63 and a 200-day moving average price of $351.32. The company has a market capitalization of $95.09 billion, a P/E ratio of 105.62 and a beta of 1.10. Charter Communications has a 12 month low of $241.50 and a 12 month high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 2.29% and a return on equity of 1.15%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 earnings per share. Equities research analysts expect that Charter Communications will post $0.60 EPS for the current year.
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In other news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the sale, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.56% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Intl Fcstone Inc. acquired a new position in Charter Communications in the 2nd quarter valued at approximately $807,000. Toronto Dominion Bank increased its stake in Charter Communications by 25.8% in the 2nd quarter. Toronto Dominion Bank now owns 73,693 shares of the company’s stock valued at $24,818,000 after buying an additional 15,118 shares during the period. Blockhouse Capital Management LP acquired a new position in Charter Communications in the 2nd quarter valued at approximately $7,714,000. Archford Capital Strategies LLC increased its stake in Charter Communications by 48,155.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 4,343 shares of the company’s stock valued at $1,347,000 after buying an additional 4,334 shares during the period. Finally, Colony Group LLC increased its stake in Charter Communications by 6.8% in the 2nd quarter. Colony Group LLC now owns 813 shares of the company’s stock valued at $274,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 74.10% of the company’s stock.
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.
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