Charter Communications Given Average Rating of “Buy” by Analysts (NASDAQ:CHTR)
Charter Communications (NASDAQ:CHTR) has been given an average recommendation of “Buy” by the thirteen brokerages that are currently covering the company, American Banking & Market News reports. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $148.50.
Shares of Charter Communications (NASDAQ:CHTR) opened at 155.43 on Wednesday. Charter Communications has a 1-year low of $116.78 and a 1-year high of $167.30. The stock’s 50-day moving average is $158.7 and its 200-day moving average is $140.9. The company’s market cap is $16.887 billion.
Charter Communications (NASDAQ:CHTR) last released its earnings data on Thursday, July 31st. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.60. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted ($0.96) earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts predict that Charter Communications will post $-0.31 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Telsey Advisory Group raised their price target on shares of Charter Communications from $142.00 to $187.00 in a research note on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Charter Communications from $173.00 to $197.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Charter Communications from $145.00 to $180.00 in a research note on Monday, July 21st. They now have a “buy” rating on the stock.
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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