Brokerages Set Charter Communications Inc. (NASDAQ:CHTR) Price Target at $281.37
Charter Communications Inc. (NASDAQ:CHTR) has received a consensus recommendation of “Buy” from the twenty analysts that are currently covering the company. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $281.37.
A number of brokerages have weighed in on CHTR. Wells Fargo & Co. reiterated an “outperform” rating on shares of Charter Communications in a research report on Thursday, June 30th. Wunderlich lifted their price target on shares of Charter Communications from $254.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating and set a $270.00 price target on shares of Charter Communications in a research report on Thursday, June 16th. Pivotal Research lifted their price target on shares of Charter Communications from $285.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Finally, Zacks Investment Research cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th.
Charter Communications (NASDAQ:CHTR) opened at 266.97 on Thursday. The company’s 50 day moving average is $265.62 and its 200 day moving average is $233.35. The company has a market cap of $72.33 billion, a price-to-earnings ratio of 11.92 and a beta of 0.67. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.28. Charter Communications had a net margin of 20.59% and a return on equity of 0.19%. The firm earned $9.99 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned ($1.09) earnings per share. Charter Communications’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post $0.60 EPS for the current year.
In other news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $258.15, for a total transaction of $774,450.00. Following the completion of the sale, the director now owns 16,563 shares in the company, valued at approximately $4,275,738.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mauricio Ramos acquired 1,000 shares of Charter Communications stock in a transaction dated Thursday, August 18th. The shares were bought at an average price of $255.00 per share, with a total value of $255,000.00. Following the transaction, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The disclosure for this purchase can be found here. Insiders own 1.51% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Exxonmobil Investment Management Inc. TX bought a new stake in shares of Charter Communications during the third quarter valued at $14,941,000. Pure Financial Advisors Inc. bought a new stake in shares of Charter Communications during the third quarter valued at $295,000. Atalanta Sosnoff Capital LLC increased its stake in shares of Charter Communications by 59.2% in the third quarter. Atalanta Sosnoff Capital LLC now owns 209,004 shares of the company’s stock valued at $56,425,000 after buying an additional 77,752 shares in the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Charter Communications during the third quarter valued at $49,084,000. Finally, First American Trust FSB bought a new stake in shares of Charter Communications during the third quarter valued at $2,787,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
Charter Communications Company Profile
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.
Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.