Barclays Increases Charter Communications Price Target to $157.00 (CHTR)
Barclays raised their price target on shares of Charter Communications (NASDAQ:CHTR) from $125.00 to $157.00 in a research note issued on Monday. Barclays’ price objective points to a potential downside of 3.34% from the company’s current price.
Shares of Charter Communications (NASDAQ:CHTR) opened at 162.42 on Monday. Charter Communications has a 52-week low of $116.78 and a 52-week high of $163.19. The stock’s 50-day moving average is $147.7 and its 200-day moving average is $134.8. The company’s market cap is $17.577 billion.
Charter Communications (NASDAQ:CHTR) last released its 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.
Several other analysts have also 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, June 30th. 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, June 30th. 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. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $139.86.
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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