Charter Communications Reaches New 12-Month High at $144.11 (CHTR)
Charter Communications (NASDAQ:CHTR) shares hit a new 52-week high on Wednesday , Analyst RN reports. The stock traded as high as $144.11 and last traded at $144.05, with a volume of 347,690 shares changing hands. The stock had previously closed at $142.91.
A number of analysts have recently weighed in on CHTR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Charter Communications in a research note on Tuesday, May 20th. They now have a $146.00 price target on the stock. Separately, analysts at Craig Hallum initiated coverage on shares of Charter Communications in a research note on Wednesday, May 14th. They set a “buy” rating and a $4.00 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Charter Communications in a research note on Wednesday, April 30th. They now have a $135.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average price target of $127.75.
The stock has a 50-day moving average of $132.3 and a 200-day moving average of $130.9. The company’s market cap is $15.611 billion.
Charter Communications (NASDAQ:CHTR) last announced its earnings results on Monday, April 28th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.09 by $0.44. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the company posted ($0.42) earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Charter Communications will post $0.44 earnings per share for the current fiscal year.
In other Charter Communications news, EVP Donald Detampel, Jr. sold 245,833 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $138.33, for a total value of $34,006,078.89. Following the transaction, the executive vice president now directly owns 62,159 shares in the company, valued at approximately $8,598,454. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Charter Communications, Inc (NASDAQ:CHTR) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.