Charter Communications (NASDAQ:CHTR) Raised to Market Perform at Raymond James

Charter Communications (NASDAQ:CHTR) was upgraded by Raymond James from an “underperform” rating to a “market perform” rating in a note issued to investors on Monday, Marketbeat Ratings reports.

CHTR has been the topic of several other research reports. Citigroup boosted their price target on Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Wells Fargo & Company boosted their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price for the company in a report on Friday, May 16th. Royal Bank of Canada upped their price target on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday, April 28th. Finally, Loop Capital raised shares of Charter Communications from a “hold” rating to a “buy” rating and raised their price target for the stock from $430.00 to $510.00 in a research note on Monday. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $409.39.

Charter Communications Price Performance

Shares of CHTR opened at $423.49 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock’s 50 day moving average is $368.48 and its two-hundred day moving average is $367.09. Charter Communications has a twelve month low of $266.06 and a twelve month high of $437.06. The firm has a market capitalization of $59.44 billion, a PE ratio of 12.11, a P/E/G ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.55 EPS. Research analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently added to or reduced their stakes in CHTR. SouthState Corp bought a new stake in Charter Communications in the 1st quarter valued at about $25,000. Avior Wealth Management LLC grew its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after purchasing an additional 41 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Charter Communications in the fourth quarter valued at $32,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.