Charter Communications, Inc. (NASDAQ:CHTR) had its price target hoisted by analysts at Royal Bank Of Canada from $356.00 to $420.00 in a report issued on Monday, August 7th, Marketbeat Ratings reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.88% from the stock’s previous close.
CHTR has been the topic of several other reports. Morgan Stanley lifted their price objective on shares of Charter Communications from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Wunderlich cut shares of Charter Communications from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $360.00 to $350.00 in a research report on Wednesday, May 3rd. Deutsche Bank AG lowered their price objective on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Wells Fargo & Company lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 target price for the company. in a research note on Wednesday, May 3rd. Finally, Macquarie reissued a “buy” rating and set a $365.00 target price on shares of Charter Communications in a research note on Wednesday, April 19th. Eleven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $369.96.
Shares of Charter Communications (CHTR) traded down 0.10% during midday trading on Monday, hitting $392.97. The company had a trading volume of 1,304,255 shares. Charter Communications has a 12 month low of $241.50 and a 12 month high of $408.83. The company has a 50-day moving average of $364.56 and a 200 day moving average of $338.53. The firm has a market capitalization of $101.34 billion, a PE ratio of 112.57 and a beta of 1.09.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.29. The business had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. On average, analysts expect that Charter Communications will post $0.60 EPS for the current fiscal year.
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In other news, EVP Jonathan Hargis sold 10,976 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares in the last quarter. Burt Wealth Advisors acquired a new position in shares of Charter Communications during the first quarter valued at $115,000. Barrett Asset Management LLC raised its position in shares of Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares in the last quarter. Institutional investors own 77.79% of the company’s stock.
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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