Barclays Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price boosted by investment analysts at Barclays from $315.00 to $320.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 6.56% from the stock’s previous close.

CHTR has been the topic of several other reports. Benchmark reiterated a “buy” rating and set a $450.00 target price on shares of Charter Communications in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Morgan Stanley increased their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Trading Down 0.9 %

NASDAQ:CHTR traded down $3.03 during mid-day trading on Monday, hitting $342.46. The company had a trading volume of 635,708 shares, compared to its average volume of 1,269,682. The firm has a market cap of $48.70 billion, a P/E ratio of 9.79, a P/E/G ratio of 0.46 and a beta of 1.11. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The business’s fifty day moving average is $363.28 and its two-hundred day moving average is $353.12. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the company earned $7.07 earnings per share. As a group, research analysts expect that Charter Communications will post 36.73 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC lifted its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new position in Charter Communications during the fourth quarter worth $32,000. Finally, Grove Bank & Trust increased its holdings in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. Institutional investors 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.