Charter Communications (NASDAQ:CHTR) Price Target Raised to $200.00

Charter Communications (NASDAQ:CHTR) had its price target upped by Wells Fargo & Company from $180.00 to $200.00 in a research report report published on Monday,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research analysts have also recently commented on CHTR. BNP Paribas Exane set a $160.00 price target on Charter Communications in a report on Tuesday, January 27th. Zacks Research downgraded shares of Charter Communications from a “hold” rating to a “strong sell” rating in a report on Friday, January 16th. UBS Group set a $425.00 target price on shares of Charter Communications in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Monday, December 29th. Finally, Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $336.12.

Charter Communications Trading Up 5.4%

Shares of CHTR stock opened at $224.18 on Monday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.37 and a current ratio of 0.39. The stock has a fifty day simple moving average of $203.08 and a two-hundred day simple moving average of $239.35. The firm has a market capitalization of $29.01 billion, a PE ratio of 6.18, a PEG ratio of 0.39 and a beta of 1.05. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the firm earned $10.10 earnings per share. Charter Communications’s revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its stake in Charter Communications by 113.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 8,031 shares of the company’s stock worth $3,283,000 after purchasing an additional 4,273 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Charter Communications by 11.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 38,041 shares of the company’s stock worth $15,552,000 after buying an additional 4,000 shares during the period. WBI Investments LLC grew its position in shares of Charter Communications by 74.9% during the 2nd quarter. WBI Investments LLC now owns 3,478 shares of the company’s stock worth $1,422,000 after buying an additional 1,489 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Charter Communications by 25.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,691 shares of the company’s stock worth $6,028,000 after buying an additional 2,990 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Charter Communications by 8.5% during the second quarter. Nisa Investment Advisors LLC now owns 32,745 shares of the company’s stock valued at $13,386,000 after buying an additional 2,560 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: TD Cowen reaffirmed its Buy rating and said the stock is expected to rise, supporting bullish momentum. TD Cowen Reaffirms Their Buy Rating on Charter Communications (CHTR)
• Positive Sentiment: Benchmark upgraded/issued a Buy on CHTR, adding to the positive analyst flow that likely helped lift the stock. Charter Communications (CHTR) Gets a Buy from Benchmark Co.
• Positive Sentiment: Insiders made purchases worth roughly US$1.10M and recent gains have improved those positions, a sign some insiders view the stock as attractive at current levels. Charter Communications’ Recent Gains Improve Losses On Insider Purchases Worth US$1.10m
• Positive Sentiment: Separate analyst notes from TD Cowen and Wells Fargo (reported by American Banking News) reiterated expectations for upside, reinforcing short-term buying interest. Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, TD Cowen Analyst Says Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says
• Neutral Sentiment: Short-interest data reported as effectively zero/invalid for the period (odd/likely a reporting anomaly), so it provides no clear directional signal right now.
• Neutral Sentiment: Analysts published broader coverage notes on communication-services names including CHTR; these are general sector takes rather than company-specific catalysts. Analysts Offer Insights on Communication Services Companies: Electronic Arts (EA) and Charter Communications (CHTR)
• Negative Sentiment: Barclays reaffirmed a Sell on Charter, creating countervailing pressure and signaling that some large firms remain cautious on fundamentals or valuation. Barclays Reaffirms Their Sell Rating on Charter Communications (CHTR)
• Negative Sentiment: Goldman Sachs issued a pessimistic forecast on CHTR, which could cap upside until the firm’s concerns are addressed. The Goldman Sachs Group Issues Pessimistic Forecast for Charter Communications (NASDAQ:CHTR) Stock Price
• Negative Sentiment: Deutsche Bank cut its price target from $275 to $235 and moved to a Hold, trimming the analyst-implied upside and providing a moderating influence on the rally. Charter Communications had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.