Charter Communications Inc. (NASDAQ:CHTR) shares reached a new 52-week high on Friday . The company traded as high as $244.44 and last traded at $244.00, with a volume of 987,604 shares changing hands. The stock had previously closed at $240.48.

A number of research analysts recently weighed in on CHTR shares. Deutsche Bank AG raised their price target on shares of Charter Communications from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, May 12th. Wunderlich raised their price target on shares of Charter Communications from $221.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, May 2nd. Wells Fargo & Co. reissued a “buy” rating on shares of Charter Communications in a research report on Wednesday, April 6th. Pivotal Research reissued a “buy” rating and set a $285.00 price target (up from $250.00) on shares of Charter Communications in a research report on Tuesday, May 24th. Finally, Citigroup Inc. reissued a “buy” rating and set a $270.00 price target on shares of Charter Communications in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $252.46.

The firm has a 50-day moving average of $228.29 and a 200-day moving average of $201.94. The firm’s market capitalization is $24.76 billion.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, April 28th. The company reported ($1.68) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.36) by $0.32. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business earned ($0.73) earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Charter Communications Inc. will post $0.60 EPS for the current fiscal year.

In related news, CMO Jonathan Hargis sold 6,350 shares of the stock in a transaction dated Monday, May 2nd. The shares were 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 approximately $2,796,714.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A number of hedge funds have recently made changes to their positions in CHTR. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of Charter Communications by 7.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 10,550 shares of the company’s stock valued at $1,932,000 after buying an additional 751 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Charter Communications by 3.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 24,262 shares of the company’s stock valued at $4,442,000 after buying an additional 915 shares during the period. Diamond Hill Capital Management Inc. increased its stake in shares of Charter Communications by 0.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 209,846 shares of the company’s stock valued at $38,423,000 after buying an additional 1,019 shares during the period. Sei Investments Co. increased its stake in shares of Charter Communications by 24.6% in the fourth quarter. Sei Investments Co. now owns 5,781 shares of the company’s stock valued at $1,058,000 after buying an additional 1,143 shares during the period. Finally, GAM Holding AG increased its stake in shares of Charter Communications by 6.5% in the fourth quarter. GAM Holding AG now owns 19,201 shares of the company’s stock valued at $3,516,000 after buying an additional 1,171 shares during the period.

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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