Charter Communications (NASDAQ:CHTR) Upgraded by Loop Capital to Buy Rating

Charter Communications (NASDAQ:CHTR) was upgraded by research analysts at Loop Capital from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $510.00 price objective on the stock, up from their prior price objective of $430.00. Loop Capital’s price objective indicates a potential upside of 20.43% from the stock’s current price.

A number of other research analysts have also weighed in on CHTR. Morgan Stanley lifted their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a report on Thursday, April 10th. Barclays increased their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. Finally, StockNews.com upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $409.39.

Charter Communications Trading Up 1.2%

Shares of CHTR stock opened at $423.49 on Monday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a 50 day moving average of $368.48 and a 200-day moving average of $367.09. Charter Communications has a 12-month low of $266.06 and a 12-month high of $437.06. The firm has a market cap of $59.44 billion, a P/E ratio of 12.11, a PEG ratio of 0.44 and a beta of 1.11.

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

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently made changes to their positions in CHTR. Norges Bank bought a new position in shares of Charter Communications during the fourth quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after acquiring an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC increased its stake in Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock worth $316,176,000 after purchasing an additional 855,961 shares during the period. JPMorgan Chase & Co. lifted its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after purchasing an additional 609,554 shares during the period. Hedge funds and other 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.