BidaskClub upgraded shares of Charter Communications (NASDAQ:CHTR) from a sell rating to a hold rating in a report released on Friday morning, BidAskClub reports.

CHTR has been the subject of several other research reports. ValuEngine lowered shares of Xylem from a buy rating to a hold rating in a research note on Tuesday, May 14th. UBS Group lowered shares of Advanced Disposal Services from a buy rating to a neutral rating and set a $33.00 price objective for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Macquarie started coverage on shares of Charter Communications in a research note on Wednesday, June 19th. They issued a hold rating and a $390.00 price objective for the company. Citigroup started coverage on shares of Charter Communications in a research note on Thursday, June 13th. They issued a buy rating and a $480.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of PVH to $145.00 and gave the company an outperform rating in a research note on Friday, March 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $389.73.

NASDAQ:CHTR opened at $414.31 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $92.56 billion, a price-to-earnings ratio of 73.20, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24. Charter Communications has a 52 week low of $271.56 and a 52 week high of $415.14. The company has a 50-day moving average price of $391.61.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.23). The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. Analysts expect that Charter Communications will post 7.12 earnings per share for the current year.

In other news, Director Lance Conn sold 927 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the sale, the director now owns 9,552 shares in the company, valued at approximately $3,820,800. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the sale, the director now owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The disclosure for this sale can be found here. Company insiders own 0.84% of the company’s stock.

Several hedge funds have recently modified their holdings of CHTR. Commonwealth Equity Services LLC increased its stake in shares of Charter Communications by 9.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,036 shares of the company’s stock worth $865,000 after purchasing an additional 259 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Charter Communications by 12.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,086 shares of the company’s stock valued at $1,449,000 after buying an additional 564 shares in the last quarter. Advisor Group Inc. grew its stake in Charter Communications by 63.9% in the 4th quarter. Advisor Group Inc. now owns 2,287 shares of the company’s stock valued at $652,000 after buying an additional 892 shares in the last quarter. Bessemer Group Inc. grew its stake in Charter Communications by 24.0% in the 4th quarter. Bessemer Group Inc. now owns 786 shares of the company’s stock valued at $225,000 after buying an additional 152 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Charter Communications by 23.9% in the 4th quarter. Stifel Financial Corp now owns 10,553 shares of the company’s stock valued at $3,073,000 after buying an additional 2,039 shares in the last quarter. Institutional investors own 71.92% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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