Charter Communications Inc. (CHTR) Given New $330.00 Price Target at Wunderlich
Charter Communications Inc. (NASDAQ:CHTR) had its price target boosted by Wunderlich from $50.00 to $330.00 in a research note issued on Thursday. Wunderlich’s target price indicates a potential upside of 19.86% from the company’s current price.
Other analysts have also issued reports about the stock. Pivotal Research upped their price objective on shares of Charter Communications from $285.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Zacks Investment Research raised shares of Charter Communications from a “hold” rating to a “strong-buy” rating and set a $297.00 price objective for the company in a research note on Friday, August 12th. Jefferies Group upped their price objective on shares of Charter Communications from $244.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, November 4th. Barclays PLC increased their price target on shares of Charter Communications from $238.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 16th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $300.00 price target on shares of Charter Communications in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Charter Communications presently has an average rating of “Buy” and a consensus target price of $292.75.
Shares of Charter Communications (NASDAQ:CHTR) opened at 275.31 on Thursday. Charter Communications has a 52 week low of $156.13 and a 52 week high of $281.36. The company has a market capitalization of $74.52 billion, a price-to-earnings ratio of 16.38 and a beta of 0.93. The stock has a 50 day moving average of $259.94 and a 200-day moving average of $247.46.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by $0.10. Charter Communications had a return on equity of 0.62% and a net margin of 13.87%. The business earned $10.04 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the company earned $0.48 earnings per share. The firm’s revenue was up 309.7% compared to the same quarter last year. On average, analysts anticipate that Charter Communications will post $0.60 EPS for the current year.
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Several large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Charter Communications by 858.0% in the second quarter. BNP Paribas Arbitrage SA now owns 210,584 shares of the company’s stock worth $48,148,000 after buying an additional 188,602 shares during the last quarter. Fulton Bank N.A. purchased a new stake in shares of Charter Communications during the second quarter worth approximately $231,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Charter Communications during the second quarter worth approximately $1,420,000. British Columbia Investment Management Corp boosted its stake in shares of Charter Communications by 137.0% in the second quarter. British Columbia Investment Management Corp now owns 125,125 shares of the company’s stock worth $28,609,000 after buying an additional 72,325 shares during the last quarter. Finally, Daiwa SB Investments Ltd. purchased a new stake in shares of Charter Communications during the second quarter worth approximately $110,000. 77.56% of the stock is currently owned by institutional investors and hedge funds.
About Charter Communications
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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