Charter Communications, Inc. (CHTR) Stock Rating Reaffirmed by Robert W. Baird
Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “hold” rating reaffirmed by stock analysts at Robert W. Baird in a research note issued on Wednesday. They currently have a $365.00 price objective on the stock. Robert W. Baird’s price target points to a potential downside of 1.64% from the stock’s current price.
Several other brokerages also recently issued reports on CHTR. BidaskClub upgraded Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Deutsche Bank AG reiterated a “buy” rating and set a $410.00 price objective (up from $390.00) on shares of Charter Communications in a research report on Monday, July 31st. Royal Bank Of Canada boosted their price objective on Charter Communications from $356.00 to $420.00 and gave the stock an “outperform” rating in a research report on Monday, August 7th. UBS AG reiterated a “buy” rating and set a $450.00 price objective (up from $380.00) on shares of Charter Communications in a research report on Monday, August 14th. Finally, Pivotal Research reiterated a “buy” rating on shares of Charter Communications in a research report on Sunday, July 30th. Twelve analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and an average price target of $381.86.
Shares of Charter Communications (CHTR) traded up 0.43% during trading on Wednesday, hitting $371.09. The stock had a trading volume of 920,374 shares. The firm’s 50-day moving average is $380.52 and its 200-day moving average is $351.19. Charter Communications has a one year low of $241.50 and a one year high of $408.83. The firm has a market cap of $95.70 billion, a P/E ratio of 106.30 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.29). The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Equities research analysts forecast that Charter Communications will post $0.60 EPS for the current 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 value of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares of the company’s stock, valued at $7,191,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of CHTR. Burney Co. bought a new position in shares of Charter Communications in the first quarter valued at $656,000. Boston Private Wealth LLC raised its stake in Charter Communications by 5.1% during the 1st quarter. Boston Private Wealth LLC now owns 1,538 shares of the company’s stock valued at $504,000 after purchasing an additional 74 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Charter Communications by 1.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 6,990 shares of the company’s stock valued at $2,288,000 after purchasing an additional 70 shares during the period. Rafferty Asset Management LLC raised its stake in Charter Communications by 46.4% during the 1st quarter. Rafferty Asset Management LLC now owns 7,666 shares of the company’s stock valued at $2,509,000 after purchasing an additional 2,431 shares during the period. Finally, Findlay Park Partners LLP raised its stake in Charter Communications by 10.3% during the 1st quarter. Findlay Park Partners LLP now owns 265,289 shares of the company’s stock valued at $86,834,000 after purchasing an additional 24,770 shares during the period. 74.10% of the stock is currently owned by institutional investors.
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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