Charter Communications Shares Gap Up on Analyst Upgrade (CHTR)
Charter Communications (NASDAQ:CHTR) shares gapped up prior to trading on Monday after Macquarie raised their price target on the stock from $135.00 to $155.00, AmericanBankingNews.com reports. The stock had previously closed at $150.18, but opened at $150.51. Macquarie currently has a neutral rating on the stock. Charter Communications shares last traded at $151.77, with a volume of 530,733 shares trading hands.
A number of other analysts have also recently weighed in on CHTR. 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. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $129.85.
The stock’s 50-day moving average is $143.0 and its 200-day moving average is $133.1. The company’s market cap is $16.419 billion.
Charter Communications (NASDAQ:CHTR) last released its earnings data 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. Analysts expect that Charter Communications will post $0.42 EPS 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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