Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a research report issued on Monday. They presently have a $420.00 target price on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 13.68% from the company’s previous close.

A number of other equities research analysts have also issued reports on CHTR. Oppenheimer Holdings, Inc. initiated coverage on Charter Communications in a research report on Thursday, June 1st. They issued a “market perform” rating for the company. CIBC initiated coverage on Charter Communications in a research report on Friday, June 2nd. They issued a “market perform” rating for the company. BidaskClub lowered Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Charter Communications in a research report on Wednesday, June 28th. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $379.19.

Shares of Charter Communications (NASDAQ:CHTR) opened at 369.47 on Monday. Charter Communications has a 1-year low of $241.50 and a 1-year high of $408.83. The stock has a 50 day moving average price of $390.19 and a 200 day moving average price of $347.29. The company has a market capitalization of $95.28 billion, a price-to-earnings ratio of 105.84 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. Charter Communications’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. On average, equities analysts anticipate that Charter Communications will post $0.60 EPS for the current fiscal year.

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In other Charter Communications news, EVP Jonathan Hargis sold 10,976 shares of the company’s 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 transaction, the executive vice president now directly owns 18,025 shares in the company, valued at $7,191,975. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.56% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Guardian Life Insurance Co. of America lifted its stake in Charter Communications by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 835 shares of the company’s stock worth $273,000 after purchasing an additional 6 shares in the last quarter. RMB Capital Management LLC lifted its stake in Charter Communications by 1.0% during the first quarter. RMB Capital Management LLC now owns 815 shares of the company’s stock worth $267,000 after purchasing an additional 8 shares in the last quarter. Allen Operations LLC lifted its stake in Charter Communications by 0.8% during the first quarter. Allen Operations LLC now owns 979 shares of the company’s stock worth $320,000 after purchasing an additional 8 shares in the last quarter. MML Investors Services LLC lifted its stake in Charter Communications by 1.3% during the second quarter. MML Investors Services LLC now owns 842 shares of the company’s stock worth $284,000 after purchasing an additional 11 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its stake in Charter Communications by 4.9% during the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock worth $116,000 after purchasing an additional 16 shares in the last quarter. Institutional investors own 74.09% 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.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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