Charter Communications (NASDAQ:CHTR) Price Target Raised to $150.00

Charter Communications (NASDAQ:CHTR) had its price objective boosted by Citigroup from $140.00 to $150.00 in a report released on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on CHTR. Weiss Ratings lowered shares of Charter Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 2nd. Bank of America reissued a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Morgan Stanley decreased their price target on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. Finally, BNP Paribas Exane dropped their price objective on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating on the stock in a report on Tuesday, July 14th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $193.41.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $132.66 on Tuesday. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.72 and a beta of 0.73. The business has a 50 day moving average price of $119.19 and a 200 day moving average price of $162.13. The company has a quick ratio of 0.36, a current ratio of 0.37 and a debt-to-equity ratio of 3.58. Charter Communications has a twelve month low of $101.11 and a twelve month high of $254.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing the consensus estimate of $8.94 by ($29.44). Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The business had revenue of $14.92 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the prior year, the firm earned $8.34 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts predict that Charter Communications will post 35.30 earnings per share for the current year.

Institutional Trading of Charter Communications

Several institutional investors have recently modified their holdings of CHTR. State Street Corp raised its stake in shares of Charter Communications by 122.0% in the third quarter. State Street Corp now owns 30,950,089 shares of the company’s stock valued at $3,432,365,000 after purchasing an additional 17,006,643 shares in the last quarter. Bank of America Corp DE boosted its stake in Charter Communications by 28.4% during the first quarter. Bank of America Corp DE now owns 731,708 shares of the company’s stock worth $157,961,000 after buying an additional 161,888 shares in the last quarter. Danske Bank A S boosted its stake in Charter Communications by 187.4% during the third quarter. Danske Bank A S now owns 1,142,949 shares of the company’s stock worth $128,145,000 after buying an additional 745,256 shares in the last quarter. State of Michigan Retirement System boosted its stake in Charter Communications by 1,547.4% during the first quarter. State of Michigan Retirement System now owns 431,582 shares of the company’s stock worth $93,170,000 after buying an additional 405,385 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Charter Communications by 507.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 767,841 shares of the company’s stock valued at $85,154,000 after buying an additional 641,422 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications News Roundup

These are some of the CHTR news items that stood out recently:

• Positive Sentiment: Cost-cutting and expanded reach: Charter is targeting $2 billion in annualized operating-expense savings. Its Cox acquisition added 11 million passings and 5 million customers, offering potential scale and efficiency benefits for long-term investors. Three Key Takeaways for Long-Term Investors
• Positive Sentiment: Debt transaction: Charter’s $1.5 billion tender offer for long-dated notes was cited in coverage of a recent rally and may signal active debt management. Tender Offer for Long-Dated Notes
• Neutral Sentiment: Hold rating: Morgan Stanley maintained its Hold rating, indicating neither a fresh endorsement nor a downgrade from that firm. Morgan Stanley Maintains Hold Rating

About Charter Communications

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.