Charter Communications (CHTR) Coverage Initiated at KeyCorp

Research analysts at KeyCorp started coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note issued on Wednesday, MarketBeat.com reports. The firm set an “equal weight” rating on the stock.

A number of other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, March 20th. Robert W. Baird reissued a “hold” rating and issued a $335.00 price target on shares of Charter Communications in a report on Monday, April 2nd. Barclays increased their price target on shares of Charter Communications from $283.00 to $300.00 and gave the stock an “underweight” rating in a report on Monday, February 5th. BidaskClub lowered shares of Charter Communications from a “sell” rating to a “strong sell” rating in a report on Friday, March 2nd. Finally, Cowen initiated coverage on shares of Charter Communications in a report on Monday, March 26th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. Charter Communications currently has an average rating of “Hold” and an average target price of $388.82.

Shares of Charter Communications opened at $268.17 on Wednesday, MarketBeat.com reports. The firm has a market capitalization of $64.19 billion, a PE ratio of 101.20, a P/E/G ratio of 3.24 and a beta of 1.20. Charter Communications has a one year low of $266.80 and a one year high of $271.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.21.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, April 27th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.26. The firm had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a net margin of 23.55% and a return on equity of 1.15%. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. research analysts expect that Charter Communications will post 3.97 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Selz Capital LLC purchased a new stake in Charter Communications during the 4th quarter valued at $14,446,000. Tower Research Capital LLC TRC boosted its position in Charter Communications by 234.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,597 shares of the company’s stock valued at $1,880,000 after buying an additional 3,923 shares during the period. Eastern Bank purchased a new stake in Charter Communications during the 4th quarter valued at $414,000. Icon Wealth Partners LLC purchased a new stake in Charter Communications during the 4th quarter valued at $151,000. Finally, Virtu Financial LLC boosted its position in Charter Communications by 44.5% during the 4th quarter. Virtu Financial LLC now owns 1,883 shares of the company’s stock valued at $632,000 after buying an additional 580 shares during the period. 72.36% of the stock is owned by institutional investors and hedge funds.

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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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