Charter Communications (NASDAQ:CHTR) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note released on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $425.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Barclays increased 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. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research report on Tuesday, November 26th. Royal Bank of Canada increased their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Finally, Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $388.37.

Charter Communications Stock Performance

Shares of CHTR opened at $351.50 on Friday. 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 has a market capitalization of $49.98 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm’s fifty day simple moving average is $355.59 and its two-hundred day simple moving average is $354.71. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $7.07 EPS. As a group, analysts predict that Charter Communications will post 38.16 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the 3rd quarter valued at about $28,000. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in 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 during the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications in the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR purchased a new stake in Charter Communications in the 4th quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of 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 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.