Charter Communications (NASDAQ:CHTR) Price Target Raised to $315.00 at Barclays

Charter Communications (NASDAQ:CHTR) had its price objective increased by Barclays from $300.00 to $315.00 in a research note published on Monday, Benzinga reports. Barclays currently has an underweight rating on the stock.

Several other analysts have also recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Royal Bank of Canada initiated coverage on Charter Communications in a research note on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 price objective on the stock. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a research note on Wednesday, September 11th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $378.47.

Charter Communications Trading Up 2.5 %

Charter Communications stock opened at $375.83 on Monday. The business has a 50 day moving average price of $333.47 and a two-hundred day moving average price of $313.19. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $53.65 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. Charter Communications has a 12 month low of $236.08 and a 12 month high of $422.92.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.25 earnings per share. As a group, equities analysts forecast that Charter Communications will post 32.51 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Large investors have recently bought and sold shares of the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $28,000. CVA Family Office LLC grew its holdings in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications in the first quarter valued at about $34,000. Finally, Grove Bank & Trust raised its holdings in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.