Evercore Partners Upgrades Charter Communications to “Overweight” (CHTR)
Charter Communications (NASDAQ:CHTR) was upgraded by equities researchers at Evercore Partners to an “overweight” rating in a research report issued on Monday. The firm currently has a $180.00 price objective on the stock. Evercore Partners’ target price points to a potential upside of 16.25% from the company’s current price.
Shares of Charter Communications (NASDAQ:CHTR) opened at 154.84 on Monday. Charter Communications has a 52-week low of $116.78 and a 52-week high of $155.79. 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 $16.757 billion.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data 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. Analysts expect that Charter Communications will post $0.50 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CHTR. 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. Separately, 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. Finally, 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Charter Communications currently has a consensus rating of “Buy” and a consensus target price of $134.46.
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.