Charter Communications (CHTR) Price Target Raised to $420.00 at Royal Bank of Canada
Charter Communications (NASDAQ:CHTR) had its price objective upped by Royal Bank of Canada to $420.00 in a report released on Wednesday. Royal Bank of Canada currently has an outperform rating on the stock.
Other analysts have also issued reports about the company. TheStreet raised Charter Communications from a c rating to a b+ rating in a research note on Friday, February 2nd. Moffett Nathanson raised Charter Communications from a neutral rating to a buy rating in a research note on Monday, January 8th. Buckingham Research initiated coverage on Charter Communications in a research note on Wednesday, December 13th. They set a buy rating and a $415.00 price target on the stock. Guggenheim raised Charter Communications from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks reissued a buy rating and set a $380.00 price target on shares of Charter Communications in a research note on Friday, October 27th. Three 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 stock has an average rating of Hold and a consensus price target of $396.11.
Shares of Charter Communications (CHTR) opened at $349.43 on Wednesday. The firm has a market capitalization of $86,677.88, a PE ratio of 9.75, a P/E/G ratio of 2.93 and a beta of 1.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.23 and a quick ratio of 0.40. Charter Communications has a 12 month low of $308.30 and a 12 month high of $408.83.
In related news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Price Capital Management Inc. acquired a new position in shares of Charter Communications in the fourth quarter worth approximately $101,000. Huntington National Bank acquired a new position in shares of Charter Communications in the third quarter worth approximately $128,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Charter Communications by 109.7% in 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. CLS Investments LLC lifted its stake in shares of Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after acquiring an additional 426 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in Charter Communications by 16,866.7% in the fourth quarter. Valeo Financial Advisors LLC now owns 509 shares of the company’s stock worth $171,000 after purchasing an additional 506 shares in the last quarter. 72.05% 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.
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