Charter Communications (NASDAQ:CHTR) Trading Up 4.2% – What’s Next?

Charter Communications, Inc. (NASDAQ:CHTR) shot up 4.2% on Thursday . The stock traded as high as $138.92 and last traded at $139.5390. 334,505 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,742,987 shares. The stock had previously closed at $133.89.

Wall Street Analyst Weigh In

CHTR has been the subject of a number of recent analyst reports. TD Cowen reduced their target price on Charter Communications from $413.00 to $380.00 and set a “buy” rating for the company in a report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price target on shares of Charter Communications in a report on Monday, July 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. New Street Research decreased their price target on shares of Charter Communications from $328.00 to $302.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Finally, Barclays lowered their price objective on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $226.88.

Charter Communications Stock Performance

The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The company has a market cap of $17.39 billion, a PE ratio of 3.79, a PEG ratio of 0.30 and a beta of 0.69. The business’s 50-day moving average is $143.65 and its 200 day moving average is $168.56.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.98 by $0.68. The business had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $9.18 earnings per share. On average, equities research analysts predict that Charter Communications, Inc. will post 42.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC bought a new stake in Charter Communications in the first quarter valued at approximately $25,000. Quarry LP increased its stake in shares of Charter Communications by 153.2% in the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the period. Altshuler Shaham Ltd bought a new stake in Charter Communications during the 4th quarter valued at $25,000. DV Equities LLC purchased a new stake in Charter Communications during the 4th quarter valued at $25,000. Finally, Trust Co. of Vermont purchased a new stake in Charter Communications during the 2nd quarter valued at $28,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.