Charter Communications Inc. (CHTR) Price Target Increased to $302.00 by Analysts at Telsey Advisory Group
Charter Communications Inc. (NASDAQ:CHTR) had its target price boosted by research analysts at Telsey Advisory Group from $246.00 to $302.00 in a research report issued on Monday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 13.12% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Citigroup Inc. lifted their price target on Charter Communications from $270.00 to $318.00 and gave the company a “buy” rating in a research report on Friday, September 30th. Macquarie lifted their price target on Charter Communications from $286.00 to $289.00 and gave the company an “outperform” rating in a research report on Wednesday, September 28th. Pivotal Research lifted their price target on Charter Communications from $333.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, September 26th. Morgan Stanley reiterated a “buy” rating and issued a $300.00 price target on shares of Charter Communications in a research report on Monday, September 12th. Finally, Vetr upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and set a $300.54 price target for the company in a research report on Monday, September 12th. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $286.85.
Charter Communications (NASDAQ:CHTR) opened at 266.97 on Monday. Charter Communications has a one year low of $156.13 and a one year high of $279.95. The firm has a market cap of $72.33 billion, a PE ratio of 11.92 and a beta of 0.67. The firm has a 50-day moving average price of $265.62 and a 200-day moving average price of $233.35.
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Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.28. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The business earned $9.99 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted ($1.09) earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts expect that Charter Communications will post $0.60 EPS for the current fiscal year.
In related news, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the sale, the director now owns 16,563 shares in the company, valued at approximately $4,275,738.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jonathan Hargis sold 7,233 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $253.21, for a total value of $1,831,467.93. Following the completion of the sale, the executive vice president now owns 13,255 shares in the company, valued at approximately $3,356,298.55. The disclosure for this sale can be found here. Company insiders own 1.51% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. CKW Financial Group acquired a new position in Charter Communications during the second quarter valued at about $103,000. Brave Asset Management Inc purchased a new position in Charter Communications during the second quarter valued at $104,000. Glenmede Trust Co. NA purchased a new position in Charter Communications during the second quarter valued at $107,000. Daiwa SB Investments Ltd. purchased a new position in Charter Communications during the second quarter valued at $110,000. Finally, Meeder Asset Management Inc. purchased a new position in Charter Communications during the second quarter valued at $110,000. Institutional investors own 77.10% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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