UBS Group Raises Charter Communications (NASDAQ:CHTR) Price Target to $425.00

Charter Communications (NASDAQ:CHTR) had its price target increased by UBS Group from $400.00 to $425.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

CHTR has been the topic of several other reports. Citigroup boosted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research report on Monday, April 28th. Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. 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. BNP Paribas reiterated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Finally, Wall Street Zen upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $410.20.

Charter Communications Stock Performance

Shares of CHTR opened at $377.43 on Wednesday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $52.98 billion, a P/E ratio of 10.53, a P/E/G ratio of 0.41 and a beta of 1.07. The company’s fifty day moving average is $384.62 and its two-hundred day moving average is $368.05. Charter Communications has a 1 year low of $277.10 and a 1 year high of $437.06.

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 the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.55 earnings per share. On average, sell-side analysts predict that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in Charter Communications by 3.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,855 shares of the company’s stock worth $1,696,000 after purchasing an additional 161 shares in the last quarter. Van ECK Associates Corp increased its position in Charter Communications by 27.5% during the 4th quarter. Van ECK Associates Corp now owns 1,187 shares of the company’s stock worth $407,000 after purchasing an additional 256 shares in the last quarter. Principal Securities Inc. boosted its holdings in Charter Communications by 29.1% in the 4th quarter. Principal Securities Inc. now owns 492 shares of the company’s stock worth $169,000 after acquiring an additional 111 shares during the period. Allworth Financial LP boosted its holdings in Charter Communications by 16.4% in the 4th quarter. Allworth Financial LP now owns 256 shares of the company’s stock worth $90,000 after acquiring an additional 36 shares during the period. Finally, Sierra Ocean LLC purchased a new position in Charter Communications in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.