Charter Communications, Inc. (NASDAQ:CHTR) Upgraded at BidaskClub

BidaskClub upgraded shares of Charter Communications, Inc. (NASDAQ:CHTR) from a buy rating to a strong-buy rating in a report released on Tuesday, August 1st.

CHTR has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a buy rating and set a $356.00 target price on shares of Charter Communications in a research report on Friday, April 21st. Macquarie reaffirmed a buy rating and set a $365.00 target price on shares of Charter Communications in a research report on Wednesday, April 19th. Morgan Stanley boosted their target price on Charter Communications from $350.00 to $365.00 and gave the stock an overweight rating in a research report on Monday, July 17th. Pivotal Research reaffirmed a buy rating on shares of Charter Communications in a research report on Sunday, July 30th. Finally, Wells Fargo & Company reaffirmed a market perform rating on shares of Charter Communications in a research report on Wednesday, June 28th. Eleven analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $369.96.

Shares of Charter Communications (NASDAQ:CHTR) opened at 392.97 on Tuesday. The firm has a market cap of $101.34 billion, a price-to-earnings ratio of 112.57 and a beta of 1.09. Charter Communications has a 1-year low of $241.50 and a 1-year high of $408.83. The company’s 50 day moving average price is $364.56 and its 200-day moving average price is $338.53.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. The company had revenue of $10.36 billion for 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 firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. Equities analysts expect that Charter Communications will post $0.60 EPS for the current fiscal year.

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In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total value of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chevy Chase Trust Holdings Inc. increased its stake in Charter Communications by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 186,382 shares of the company’s stock valued at $61,005,000 after buying an additional 4,496 shares during the period. Trust Co bought a new stake in Charter Communications during the fourth quarter valued at about $200,000. Raymond James Trust N.A. increased its stake in Charter Communications by 4.5% in the first quarter. Raymond James Trust N.A. now owns 741 shares of the company’s stock valued at $242,000 after buying an additional 32 shares during the period. Creative Planning increased its stake in Charter Communications by 8.4% in the first quarter. Creative Planning now owns 4,632 shares of the company’s stock valued at $1,516,000 after buying an additional 358 shares during the period. Finally, Gulf International Bank UK Ltd increased its stake in Charter Communications by 2.2% in the first quarter. Gulf International Bank UK Ltd now owns 67,693 shares of the company’s stock valued at $22,157,000 after buying an additional 1,465 shares during the period. Hedge funds and other institutional investors own 77.79% of the company’s stock.

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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