Charter Communications (CHTR) Earns Buy Rating from Macquarie
CHTR has been the subject of a number of other research reports. ValuEngine lowered shares of Charter Communications from a sell rating to a strong sell rating in a research report on Tuesday, May 22nd. BidaskClub raised shares of Charter Communications from a strong sell rating to a sell rating in a research report on Tuesday, July 31st. Buckingham Research boosted their price objective on shares of Charter Communications from $397.00 to $418.00 and gave the company a buy rating in a research report on Wednesday, August 1st. Goldman Sachs Group raised shares of Charter Communications from a neutral rating to a buy rating and boosted their price objective for the company from $315.00 to $361.00 in a research report on Thursday, June 21st. Finally, Citigroup dropped their price target on shares of Charter Communications from $410.00 to $375.00 and set a buy rating for the company in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $368.93.
NASDAQ:CHTR opened at $312.50 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $72.54 billion, a PE ratio of 117.92, a PEG ratio of 1.86 and a beta of 1.24. Charter Communications has a 1-year low of $250.10 and a 1-year high of $396.64.
In other news, EVP Richard R. Dykhouse sold 2,101 shares of the stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total value of $622,988.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Gluskin Sheff & Assoc Inc. boosted its stake in Charter Communications by 7.0% during the 1st quarter. Gluskin Sheff & Assoc Inc. now owns 122,073 shares of the company’s stock valued at $37,992,000 after acquiring an additional 8,024 shares during the last quarter. Roundview Capital LLC boosted its stake in Charter Communications by 44.9% during the 1st quarter. Roundview Capital LLC now owns 3,838 shares of the company’s stock valued at $1,194,000 after acquiring an additional 1,190 shares during the last quarter. Calamos Advisors LLC boosted its stake in Charter Communications by 13.4% during the 2nd quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock valued at $5,291,000 after acquiring an additional 2,133 shares during the last quarter. TD Asset Management Inc. boosted its stake in Charter Communications by 4.0% during the 2nd quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock valued at $29,208,000 after acquiring an additional 3,798 shares during the last quarter. Finally, Arnhold LLC bought a new position in Charter Communications during the 1st quarter valued at $746,000. Institutional investors and hedge funds own 71.12% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.
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