Charter Communications, Inc. (CHTR) Rating Reiterated by Moffett Nathanson
Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “neutral” rating restated by analysts at Moffett Nathanson in a research report issued on Monday.
CHTR has been the topic of several other reports. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $450.00 to $340.00 in a research report on Tuesday, September 5th. Evercore ISI raised their price objective on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a research report on Friday, September 15th. Royal Bank Of Canada raised their price objective on Charter Communications from $356.00 to $420.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Robert W. Baird reissued a “hold” rating and issued a $365.00 price objective on shares of Charter Communications in a research report on Wednesday, October 4th. Finally, Morgan Stanley raised their price objective on Charter Communications from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Twelve analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $381.86.
Shares of Charter Communications (CHTR) opened at 352.07 on Monday. The firm’s 50-day moving average price is $371.71 and its 200 day moving average price is $353.88. Charter Communications has a one year low of $241.50 and a one year high of $408.83. The stock has a market cap of $90.79 billion, a P/E ratio of 100.85 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.29). Charter Communications had a net margin of 2.29% and a return on equity of 1.15%. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.38 billion. During the same period last year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts expect that Charter Communications will post $0.60 EPS for the current fiscal year.
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In related news, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 18,025 shares of the company’s stock, valued at $7,191,975. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.56% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in CHTR. Cornerstone Advisors Inc. increased its holdings in Charter Communications by 4.9% in the second quarter. Cornerstone Advisors Inc. now owns 343 shares of the company’s stock valued at $116,000 after buying an additional 16 shares during the last quarter. Parallel Advisors LLC increased its holdings in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock valued at $121,000 after buying an additional 93 shares during the last quarter. Barrett Asset Management LLC increased its holdings in Charter Communications by 118.7% in the second quarter. Barrett Asset Management LLC now owns 398 shares of the company’s stock valued at $134,000 after buying an additional 216 shares during the last quarter. Bessemer Group Inc. increased its holdings 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. Finally, Rational Advisors LLC bought a new stake in Charter Communications in the second quarter valued at about $168,000. 74.09% of the stock is owned by hedge funds and other institutional investors.
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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