Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Recommendation of “Buy” from Analysts
Charter Communications, Inc. (NASDAQ:CHTR) has been assigned a consensus rating of “Buy” from the twenty-six research firms that are currently covering the firm, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $335.91.
Several equities analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a report on Wednesday, June 28th. Morgan Stanley boosted their target price on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, July 17th. Macquarie restated a “buy” rating and issued a $365.00 target price on shares of Charter Communications in a report on Tuesday, May 2nd. Deutsche Bank AG dropped their target price on shares of Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a report on Thursday, May 4th. Finally, SunTrust Banks, Inc. assumed coverage on shares of Charter Communications in a report on Tuesday, April 18th. They issued a “buy” rating and a $380.00 target price on the stock.
In other news, Director Craig A. Jacobson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the sale, the director now directly owns 13,436 shares of the company’s stock, valued at $4,348,158.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David C. Merritt bought 1,200 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $326.31 per share, with a total value of $391,572.00. Following the completion of the transaction, the director now owns 8,174 shares of the company’s stock, valued at $2,667,257.94. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Charter Communications during the second quarter valued at approximately $200,000. CIBC Asset Management Inc increased its stake in Charter Communications by 4.0% in the second quarter. CIBC Asset Management Inc now owns 29,941 shares of the company’s stock valued at $10,086,000 after buying an additional 1,162 shares during the last quarter. Coronation Fund Managers Ltd. increased its stake in Charter Communications by 9.2% in the second quarter. Coronation Fund Managers Ltd. now owns 153,141 shares of the company’s stock valued at $51,586,000 after buying an additional 12,930 shares during the last quarter. Finally, Alpha Cubed Investments LLC acquired a new stake in Charter Communications during the second quarter valued at approximately $202,000. 74.44% of the stock is owned by institutional investors.
Shares of Charter Communications (NASDAQ:CHTR) opened at 366.90 on Friday. Charter Communications has a 52-week low of $233.00 and a 52-week high of $370.96. The company has a market cap of $98.16 billion, a PE ratio of 24.92 and a beta of 1.07. The company has a 50 day moving average of $339.54 and a 200-day moving average of $329.22.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.29. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a net margin of 10.55% and a return on equity of 1.41%. Charter Communications’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Analysts forecast that Charter Communications will post $0.60 EPS for the current fiscal year.
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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