Charter Communications Inc. (NASDAQ:CHTR)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $261.59 and last traded at $260.13, with a volume of 342,313 shares traded. The stock had previously closed at $258.62.

CHTR has been the subject of a number of recent research reports. Deutsche Bank AG raised their price target on shares of Charter Communications from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Wunderlich lifted their target price on shares of Charter Communications from $221.00 to $254.00 and gave the company a “buy” rating in a report on Monday, May 2nd. Pivotal Research reaffirmed a “buy” rating and set a $285.00 target price (up from $250.00) on shares of Charter Communications in a report on Tuesday, May 24th. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “buy” rating and set a $242.00 target price for the company in a report on Tuesday, June 28th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $270.00 target price on shares of Charter Communications in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $263.46.

The stock has a 50 day moving average of $235.77 and a 200 day moving average of $208.62. The firm has a market cap of $70.58 billion and a P/E ratio of 11.63.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.28. During the same period in the previous year, the company posted ($1.09) earnings per share. The firm earned $9.99 billion during the quarter, compared to analyst estimates of $1.66 billion. Charter Communications’s revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that Charter Communications Inc. will post $0.60 earnings per share for the current year.

Several large investors recently modified their holdings of the company. RS Investment Management Co. LLC increased its stake in shares of Charter Communications by 1.9% in the fourth quarter. RS Investment Management Co. LLC now owns 385,470 shares of the company’s stock valued at $70,580,000 after buying an additional 7,190 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Charter Communications by 3,590.3% in the fourth quarter. Principal Financial Group Inc. now owns 198,280 shares of the company’s stock valued at $36,306,000 after buying an additional 192,907 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Charter Communications by 65.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 161,471 shares of the company’s stock valued at $29,565,000 after buying an additional 63,856 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Charter Communications by 8.6% in the fourth quarter. BlackRock Advisors LLC now owns 130,296 shares of the company’s stock valued at $23,857,000 after buying an additional 10,311 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Charter Communications by 67.6% in the fourth quarter. KBC Group NV now owns 26,027 shares of the company’s stock valued at $4,765,000 after buying an additional 10,498 shares in 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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