Evercore ISI Increases Charter Communications, Inc. (CHTR) Price Target to $438.00
Charter Communications, Inc. (NASDAQ:CHTR) had its price target upped by analysts at Evercore ISI from $360.00 to $438.00 in a research report issued to clients and investors on Friday, The Fly reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target indicates a potential upside of 16.52% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG restated a “buy” rating and set a $410.00 price target (up previously from $390.00) on shares of Charter Communications in a report on Monday, July 31st. Pivotal Research restated a “buy” rating on shares of Charter Communications in a report on Sunday, July 30th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Royal Bank Of Canada restated a “buy” rating and set a $356.00 price target on shares of Charter Communications in a report on Thursday, May 25th. Finally, UBS AG restated a “buy” rating and set a $450.00 price target (up previously from $380.00) on shares of Charter Communications in a report on Monday, August 14th. Twelve research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $379.19.
Charter Communications (NASDAQ:CHTR) traded down 0.69% on Friday, reaching $373.39. The company’s stock had a trading volume of 934,301 shares. Charter Communications has a one year low of $241.50 and a one year high of $408.83. The stock has a 50-day moving average of $390.12 and a 200-day moving average of $346.99. The stock has a market cap of $96.29 billion, a P/E ratio of 106.96 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last issued 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 business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.38 billion. Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, analysts predict that Charter Communications will post $0.60 EPS for the current fiscal year.
In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of Charter Communications stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the sale, the executive vice president now directly owns 18,025 shares of the company’s stock, valued at approximately $7,191,975. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Intl Fcstone Inc. bought a new stake in Charter Communications during the 2nd quarter valued at $807,000. Toronto Dominion Bank raised its position in Charter Communications by 25.8% during the 2nd quarter. Toronto Dominion Bank now owns 73,693 shares of the company’s stock valued at $24,818,000 after purchasing an additional 15,118 shares in the last quarter. Blockhouse Capital Management LP bought a new stake in Charter Communications during the 2nd quarter valued at $7,714,000. Archford Capital Strategies LLC raised its position in Charter Communications by 48,155.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,343 shares of the company’s stock valued at $1,347,000 after purchasing an additional 4,334 shares in the last quarter. Finally, Colony Group LLC raised its position in Charter Communications by 6.8% during the 2nd quarter. Colony Group LLC now owns 813 shares of the company’s stock valued at $274,000 after purchasing an additional 52 shares in the last quarter. 74.15% of the stock is owned by institutional investors and hedge funds.
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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