Macquarie reissued their buy rating on shares of Charter Communications (NASDAQ:CHTR) in a research note published on Wednesday morning. They currently have a $355.00 price objective on the stock.

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.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.20. The business had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.83 billion. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. research analysts anticipate that Charter Communications will post 4.43 earnings per share for the current fiscal year.

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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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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