Charter Communications (NASDAQ:CHTR) was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, February 5th, MarketBeat Ratings reports. The firm currently has a $460.00 price target on the stock, up from their previous price target of $387.50. Wells Fargo & Co’s target price indicates a potential upside of 28.16% from the company’s previous close.

Several other brokerages have also recently commented on CHTR. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Royal Bank of Canada reiterated a “buy” rating and issued a $400.00 price target on shares of Charter Communications in a research note on Thursday, November 2nd. Buckingham Research initiated coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price target for the company. Guggenheim upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Barclays increased their price target on shares of Charter Communications from $283.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $396.11.

Shares of Charter Communications (CHTR) traded up $3.26 on Monday, reaching $358.94. 915,500 shares of the company traded hands, compared to its average volume of 1,630,703. Charter Communications has a fifty-two week low of $308.30 and a fifty-two week high of $408.83. The firm has a market capitalization of $85,610.00, a PE ratio of 10.69, a price-to-earnings-growth ratio of 2.99 and a beta of 1.15. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.23.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 2nd. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.01. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. equities research analysts predict that Charter Communications will post 4.55 EPS for the current year.

In other news, EVP Jonathan Hargis sold 27,000 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Price Capital Management Inc. bought a new position in Charter Communications during the fourth quarter worth about $101,000. Kings Point Capital Management increased its position in Charter Communications by 68.4% during the fourth quarter. Kings Point Capital Management now owns 347 shares of the company’s stock worth $117,000 after acquiring an additional 141 shares during the period. Huntington National Bank bought a new position in Charter Communications during the third quarter worth about $128,000. Northwestern Mutual Wealth Management Co. increased its position in Charter Communications by 109.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company’s stock worth $137,000 after acquiring an additional 214 shares during the period. Finally, Icon Wealth Partners LLC bought a new position in Charter Communications during the fourth quarter worth about $151,000. 72.01% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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