Charter Communications Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:CHTR)
Shares of Charter Communications (NASDAQ:CHTR) have received an average rating of “Buy” from the sixteen ratings firms that are presently covering the stock, American Banking & Market News reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $139.86.
A number of analysts have recently weighed in on CHTR shares. Analysts at Barclays raised their price target on shares of Charter Communications from $125.00 to $157.00 in a research note on Monday, July 7th. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.
Charter Communications (NASDAQ:CHTR) opened at 162.27 on Wednesday. Charter Communications has a 52-week low of $116.78 and a 52-week high of $163.63. The stock has a 50-day moving average of $151.4 and a 200-day moving average of $136.0. The company’s market cap is $17.561 billion.
Charter Communications (NASDAQ:CHTR) last announced its 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 $0.50 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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