Shares of Charter Communications Inc. (NASDAQ:CHTR) gapped up before the market opened on Friday . The stock had previously closed at $234.18, but opened at $234.87. Charter Communications shares last traded at $237.03, with a volume of 633,714 shares.

A number of analysts recently issued reports on CHTR shares. Deutsche Bank AG reissued a “buy” rating on shares of Charter Communications in a research report on Wednesday, March 16th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Charter Communications in a research report on Wednesday, April 6th. Wunderlich lifted their target price on Charter Communications from $221.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. lifted their target price on Charter Communications from $236.00 to $284.00 and gave the company an “overweight” rating in a research report on Wednesday, May 18th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $285.00 target price (up from $250.00) on shares of Charter Communications in a research report on Tuesday, May 24th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $249.07.

The company’s market cap is $24.12 billion. The stock has a 50-day moving average price of $224.68 and a 200 day moving average price of $198.17.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, April 28th. The company reported ($1.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.36) by $0.32. The business earned $2.53 billion during the quarter, compared to the consensus estimate of $1.66 billion. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.73) earnings per share. On average, equities analysts anticipate that Charter Communications Inc. will post $0.60 earnings per share for the current fiscal year.

In other Charter Communications news, CMO Jonathan Hargis sold 6,350 shares of Charter Communications stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $214.95, for a total transaction of $1,364,932.50. Following the sale, the chief marketing officer now directly owns 13,011 shares of the company’s stock, valued at $2,796,714.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of large investors recently added to or reduced their stakes in CHTR. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Charter Communications by 36.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 29,300 shares of the company’s stock worth $5,365,000 after buying an additional 7,900 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Charter Communications by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 173,600 shares of the company’s stock valued at $31,786,000 after buying an additional 1,000 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Charter Communications by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 37,805 shares of the company’s stock valued at $6,922,000 after buying an additional 617 shares during the last quarter. Profund Advisors LLC increased its position in shares of Charter Communications by 9.9% in the fourth quarter. Profund Advisors LLC now owns 7,992 shares of the company’s stock valued at $1,463,000 after buying an additional 717 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Charter Communications by 86.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 16,172 shares of the company’s stock valued at $2,961,000 after buying an additional 7,495 shares during the last quarter.

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

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