Charter Communications (NASDAQ:CHTR) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other equities analysts have also commented on the company. Benchmark reissued a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Citigroup started coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 target price for the company. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications has an average rating of “Hold” and a consensus price target of $389.39.

Charter Communications Stock Up 0.1 %

Shares of CHTR opened at $354.45 on Tuesday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a market cap of $50.40 billion, a price-to-earnings ratio of 10.14, a P/E/G ratio of 0.44 and a beta of 1.13. The company has a 50-day moving average price of $355.82 and a two-hundred day moving average price of $354.78. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the company posted $7.07 earnings per share. Equities analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of the business. 111 Capital bought a new stake in Charter Communications during the 4th quarter worth $776,000. Siemens Fonds Invest GmbH increased its position in Charter Communications by 179.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company’s stock valued at $5,369,000 after acquiring an additional 10,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Charter Communications during the fourth quarter valued at $30,663,000. Challenger Wealth Management bought a new position in Charter Communications during the 4th quarter worth $206,000. Finally, Ascent Group LLC bought a new position in Charter Communications during the 4th quarter worth $362,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.