Morgan Stanley Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price increased by Morgan Stanley from $385.00 to $415.00 in a report published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Citigroup began coverage on Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. BNP Paribas reiterated an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Benchmark restated a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $399.35.

Charter Communications Trading Up 0.9 %

NASDAQ CHTR opened at $376.87 on Monday. The company has a 50-day moving average of $355.67 and a 200-day moving average of $359.20. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 12 month low of $252.93 and a 12 month high of $415.27. The company has a market cap of $53.50 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. During the same period in the prior year, the business earned $7.55 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Brown Brothers Harriman & Co. boosted its stake in Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Charter Communications by 4.8% during the fourth quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after purchasing an additional 30 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Charter Communications by 3.4% in the fourth quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after purchasing an additional 30 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Charter Communications by 4.2% in the fourth quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock valued at $254,000 after buying an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Charter Communications by 5.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock valued at $213,000 after buying an additional 34 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.