Charter Communications, Inc. (CHTR) Reaches New 52-Week High at $269.88
Charter Communications, Inc. (NASDAQ:CHTR)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $269.88 and last traded at $269.79, with a volume of 4,172,370 shares. The stock had previously closed at $257.21.
A number of equities analysts recently issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of Charter Communications in a research note on Saturday, June 4th. Wells Fargo & Co. reissued an “outperform” rating on shares of Charter Communications in a research note on Thursday, June 30th. Wunderlich increased their price target on shares of Charter Communications from $254.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 20th. Citigroup Inc. reissued a “buy” rating and issued a $270.00 price target on shares of Charter Communications in a research note on Thursday, June 16th. Finally, Pivotal Research increased their price target 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. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $271.26.
The company has a market cap of $73.26 billion and a P/E ratio of 12.08. The stock has a 50 day moving average of $245.52 and a 200 day moving average of $217.60.
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, beating the consensus estimate of $0.71 by $0.28. During the same period last year, the firm earned ($1.09) earnings per share. The company earned $9.99 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Charter Communications’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that Charter Communications, Inc. will post $0.60 EPS for the current fiscal year.
In other Charter Communications news, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the sale, the director now directly owns 16,563 shares of the company’s stock, valued at approximately $4,275,738.45. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Jonathan Hargis sold 7,233 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $253.21, for a total transaction of $1,831,467.93. Following the completion of the sale, the executive vice president now directly owns 13,255 shares of the company’s stock, valued at $3,356,298.55. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Charter Communications stock. Ameriprise Financial Inc. increased its stake in shares of Charter Communications, Inc. (NASDAQ:CHTR) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,962 shares of the company’s stock after buying an additional 534 shares during the period. Ameriprise Financial Inc.’s holdings in Charter Communications were worth $2,190,000 at the end of the most recent 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.