Charter Communications Sets New 1-Year High at $159.24 (CHTR)
Charter Communications (NASDAQ:CHTR) hit a new 52-week high during mid-day trading on Monday , AnalystRatings.NET reports. The company traded as high as $159.24 and last traded at $157.81, with a volume of 682,175 shares changing hands. The stock had previously closed at $154.84.
Several analysts have recently commented on the stock. Analysts at ISI Group upgraded shares of Charter Communications from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $180.00 price target on the stock. Separately, analysts at Evercore Partners upgraded shares of Charter Communications from an “equal weight” rating to an “overweight” rating in a research note on Monday. They now have a $180.00 price target on the stock, up previously from $120.00. Finally, analysts at Macquarie raised their price target on shares of Charter Communications from $135.00 to $155.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $137.71.
The stock has a 50-day moving average of $145.0 and a 200-day moving average of $134.0. The company’s market cap is $17.140 billion.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Charter Communications will post $0.50 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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