Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Charter Communications (CHTR) Share Price
Media stories about Charter Communications (NASDAQ:CHTR) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Charter Communications earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.840483553942 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- There are (almost) no strikes anymore (finance.yahoo.com)
- Why Charter Communications Stock Jumped 12% in January (finance.yahoo.com)
- Charter Communications, Inc. (CHTR) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- [$$] Against the Wind (finance.yahoo.com)
- Understanding Frontier’s Capex Estimate for 4Q17 (finance.yahoo.com)
Several equities analysts have weighed in on CHTR shares. Barclays dropped their price target on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 26th. Guggenheim raised Charter Communications from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. BidaskClub raised Charter Communications from a “strong sell” rating to a “sell” rating in a research report on Wednesday, December 27th. Finally, Moffett Nathanson raised Charter Communications from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Charter Communications has an average rating of “Hold” and a consensus target price of $396.11.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts predict that Charter Communications will post 4.55 EPS for the current fiscal year.
In related news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction 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 owns 34,931 shares in the company, valued at $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is currently owned by company insiders.
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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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