Charter Communications, Inc. (CHTR) Given Consensus Recommendation of “Buy” by Analysts
Charter Communications, Inc. (NASDAQ:CHTR) has earned a consensus recommendation of “Buy” from the twenty-four brokerages that are covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $377.96.
A number of analysts have commented on CHTR shares. Morgan Stanley boosted their price target on shares of Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, July 17th. Telsey Advisory Group lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $450.00 to $340.00 in a research note on Tuesday, September 5th. BidaskClub lowered shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Wells Fargo & Company restated a “market perform” rating and set a $372.00 price target (up previously from $330.00) on shares of Charter Communications in a research note on Sunday, July 30th. Finally, CIBC started coverage on shares of Charter Communications in a research note on Friday, June 2nd. They set a “market perform” rating for the company.
In related news, EVP Jonathan Hargis sold 10,976 shares of the stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the completion of the transaction, the executive vice president now owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.56% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. BlackRock Inc. grew its position in Charter Communications by 2,782.4% during the first quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock valued at $3,997,603,000 after buying an additional 11,789,426 shares during the period. FMR LLC grew its position in Charter Communications by 12.4% during the first quarter. FMR LLC now owns 10,546,100 shares of the company’s stock valued at $3,451,949,000 after buying an additional 1,165,353 shares during the period. Janus Henderson Group PLC grew its position in Charter Communications by 2,099.6% during the second quarter. Janus Henderson Group PLC now owns 604,019 shares of the company’s stock valued at $203,464,000 after buying an additional 576,559 shares during the period. Capital World Investors grew its position in Charter Communications by 4.1% during the second quarter. Capital World Investors now owns 10,215,326 shares of the company’s stock valued at $3,441,033,000 after buying an additional 402,167 shares during the period. Finally, Allen Investment Management LLC bought a new position in Charter Communications during the second quarter valued at about $127,850,000. Institutional investors own 74.15% of the company’s stock.
Charter Communications (CHTR) opened at 369.47 on Friday. The company has a 50-day moving average of $390.19 and a 200-day moving average of $347.29. Charter Communications has a 52-week low of $241.50 and a 52-week high of $408.83. The company has a market cap of $95.28 billion, a P/E ratio of 105.84 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Zacks’ 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 business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. On average, equities research analysts expect that Charter Communications will post $0.60 earnings per share 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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