Charter Communications Inc. (CHTR) PT Raised to $302.00
Charter Communications Inc. (NASDAQ:CHTR) had its price objective boosted by equities research analysts at Telsey Advisory Group from $246.00 to $302.00 in a research report issued to clients and investors on Monday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 13.12% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Vetr upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and set a $300.54 target price for the company in a research report on Monday, September 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of Charter Communications in a research report on Thursday, June 30th. Robert W. Baird restated a “neutral” rating and set a $230.00 target price on shares of Charter Communications in a research report on Tuesday, June 28th. Citigroup Inc. restated a “buy” rating and set a $270.00 target price on shares of Charter Communications in a research report on Thursday, June 16th. Finally, Zacks Investment Research upgraded Charter Communications from a “hold” rating to a “buy” rating and set a $242.00 target price for the company in a research report on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $286.85.
Shares of Charter Communications (NASDAQ:CHTR) opened at 266.97 on Monday. The firm has a market cap of $72.33 billion, a PE ratio of 11.92 and a beta of 0.67. The stock has a 50 day moving average price of $265.62 and a 200 day moving average price of $233.35. Charter Communications has a 52 week low of $156.13 and a 52 week high of $279.95.
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Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.28. The company earned $9.99 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.09) earnings per share. Equities analysts expect that Charter Communications will post $0.60 earnings per share for the current year.
In other Charter Communications 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 transaction of $774,450.00. Following the transaction, 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 can be accessed through this hyperlink. Also, Director Mauricio Ramos bought 1,000 shares of Charter Communications stock in a transaction on Thursday, August 18th. The shares were purchased at an average price of $255.00 per share, for a total transaction of $255,000.00. Following the acquisition, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The disclosure for this purchase can be found here. Company insiders own 1.51% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. CKW Financial Group purchased a new position in Charter Communications during the second quarter worth $103,000. Brave Asset Management Inc purchased a new position in Charter Communications during the second quarter worth $104,000. Glenmede Trust Co. NA purchased a new position in Charter Communications during the second quarter worth $107,000. Meeder Asset Management Inc. purchased a new position in Charter Communications during the second quarter worth $110,000. Finally, Signaturefd LLC increased its position in Charter Communications by 503.8% in the second quarter. Signaturefd LLC now owns 483 shares of the company’s stock worth $110,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 77.10% of the company’s stock.
About Charter Communications
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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