Charter Communications Reaches New 52-Week High at $149.80 (CHTR)
Charter Communications (NASDAQ:CHTR) shares hit a new 52-week high on Monday , Stock Ratings News reports. The stock traded as high as $149.80 and last traded at $148.76, with a volume of 367,172 shares traded. The stock had previously closed at $148.87.
CHTR has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Charter Communications has a consensus rating of “Buy” and an average target price of $127.75.
The stock has a 50-day moving average of $138.4 and a 200-day moving average of $131.9. The company’s market cap is $16.096 billion.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Monday, April 28th. The company reported ($0.35) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.42) earnings per share. Charter Communications’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Charter Communications will post $0.44 earnings per share for the current fiscal year.
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.
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